HAL Takes Flight: India's Space Industry Opens to Private Players

Hindustan Aeronautics Ltd has secured a major contract to manufacture India's small satellite launch rockets. This marks a significant shift in opening India's space industry to private players, with HAL's winning bid totaling 5.11 billion rupees ($59 million). The announcement was made by the Indian National Space Promotion and Authorisation Centre.

Hindustan Aeronautics Ltd (HAL), known for crafting fighter jets, has clinched a landmark deal to produce India's small satellite launch rockets.

This development is a pivotal step in the Indian government's initiative to welcome private enterprises into the nation's burgeoning space sector.

HAL emerged victorious with a competitive bid valued at 5.11 billion rupees ($59 million), as confirmed by the Indian National Space Promotion and Authorisation Centre.

(With inputs from agencies.)