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HAL–L&T Consortium Unveil First Industry-Built PSLV Rocket

Written by: Team Angel OneUpdated on: 20 Nov 2025, 5:11 pm IST
HAL and L&T build India’s first industry-made PSLV; Oceansat launch set for early next year, marking a major shift towards private-led space manufacturing.
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Hindustan Aeronautics Limited (HAL) and Larsen & Toubro (L&T) have jointly produced India’s first industry-manufactured PSLV rocket, as per PTI. This development marks a major shift towards private-sector participation in space manufacturing, with the first launch, carrying the Oceansat satellite, planned for early next year. 

Industry Collaboration and Production Progress 

The HAL–L&T consortium has begun delivering PSLV hardware, following ISRO’s 2022 contract for end-to-end production of five PSLV-XL rockets.  As per PTI, A T Ramchandani, Senior Vice President and Head, L&T Precision Engineering and Systems, “We have started delivering the PSLV hardware. We are hopeful that next year we will probably have 2 or 3 launches.”  

Ramchandani, who recently became Chairman of the Indian Space Association, noted that ISRO aims to gradually shift PSLV manufacturing to industry partners so it can focus on advanced missions and research. 

He stated, “ISRO feels that the demand for satellites is high. And we may end up doing another ten launches after these five.” The consortium had encountered challenges with certain components, which ISRO helped resolve. 

Future Launch Plans and Market Interest 

The first industry-built PSLV is scheduled to launch Oceansat early next year, demonstrating readiness for broader commercial operations. Ramchandani highlighted rising domestic and global interest, saying, “A lot of companies are now reaching out to us. People are realising that we are part of the game. I suppose that is the next step after a couple of launches.” 

Additionally, ISRO has transferred SSLV technology to HAL, enabling it to independently own and operate the SSLV business, further boosting industry-led space capabilities.  

Read More: L&T Finance Share Price Hits New High as Stock Jumps 9%: What’s Fueling the Big Rally? 

Conclusion  

The HAL–L&T PSLV marks a pivotal transition in India’s space ecosystem, signalling deeper industry involvement as ISRO moves towards advanced missions. With rising commercial interest and upcoming launches, the consortium is positioned to play a central role in future satellite deployment and space technology expansion. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Nov 20, 2025, 11:41 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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