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HAL-L&T wins over Rs 824-crore contract for making 5 polar space launch vehicles

10 April 2022 [19:52] - TODAY.AZ

By Trend

Manufacture of polar space launch vehicles (PSLVs) — which was the preserve of premier agency Isro for nearly three decades — has been awarded to an HAL-L&T consortium which will become the first group outside the storied space campus to produce five PSLVs in the coming months, reports Chethan Kumar. This is expected to pave the way for commercialisation of other rockets such as SSLV and GSLV, Trend reports citing The Times of India.

Space PSU NewSpace India opened the commercial bids of the three shortlisted entities — HAL-L&T, BHEL (single firm) and the BEL-Adani Alpha Design-BEML consortium — on Wednesday. The winning bid quoted Rs 824 crore, BHEL Rs 1,129 crore and the third group Rs 1,218 crore, a source said. These figures exclude taxes.

TOI was the first to report on March 22 that NSIL, which has been authorised to commercialise PSLV production by the department of space, had completed evaluation of the bids.HAL chairman and managing director R Madhavan told TOI on Friday: "We've won the contract for five PSLVs. While HAL is the lead partner, work will be shared equally with L&T. We will use all our vendors. We feel we were best equipped to handle a contract of this magnitude. While some help will come from Isro on the mission side, we will carry out most of the work. Slowly, PSLV will become an outsourced item for Isro."Although Isro had been talking about commercialising PSLV, the expression of interest was floated in August 2019. NSIL floated the request for proposal in December 2020, shortlisted three entities in early 2021 and they submitted bids in July 2021.

Adani-Alpha Design CMD Col (retd) HS Shankar said their consortium had to consider fresh investments for PSLV, whereas HAL-L&T already had infrastructure, a key reason that explains difference in the quoted price.

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