Hindustan Aeronautics Limited has secured a Rs 511 crore deal. It will acquire the Small Satellite Launch Vehicle technology from ISRO. HAL will independently build and operate SSLV rockets. ISRO will provide training for the initial missions. HAL plans to manufacture six to eight SSLV rockets annually. The company aims to generate $6.5 million in revenue per launch.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets