HAL wins Rs 511 crore contract to build India’s Small Satellite Launch Vehicle - The Statesman

In New Era In Private Spaceflight, HAL To Operate Small Indian Rockets

In addition to making fighter planes, now Hindustan Aeronautics Limited (HAL) will also own and operate small Indian rockets.

HAL wins Rs 511 crore contract to build India’s Small Satellite Launch Vehicle - The Statesman

As part of the agreement, ISRO will transfer SSLV technology to HAL over a two-year period, during which HAL will manufacture two prototype rockets.

Hindustan Aeronautics wins bid to privately make small satellite launch rockets

ISRO to transfer Small Satellite Launch Vehicle technology to HAL for Rs 511 crores

This is one of the most comprehensive technology transfers from ISRO, facilitated by IN-SPACe, to an Indian commercial entity to date