Hal isro deal: Despite the possible bounce in international tension and crude oil prices, a government defense company has lit a new ray of hope in the Indian market today. Hindustan Aeronautics Limited (HAL) has received a deal of Rs 511 crore from ISRO, under which HAL has been transferred to SSLV (Small Satellite Launch Vehicle) technique.
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For the first time a company gets SSLV technology (Hal isro deal)
This is the first time in the history of India’s space sector when ISRO (Indian Space Research Organization) has transferred its strategic launch vehicle technology to a private or public company. HAL will now create space rockets using this technique itself.
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2 ISRO will give technical cooperation in mission (Hal isro deal)
Under the deal, HAL will also get training and technical support from ISRO for two early missions. According to the information, both these launch will be made within the next 2 years. After this, HAL is aiming to launch 6 to 8 SSLVs every year.
54 crores can be earned per launch (Hal isro deal)
According to experts, HAL can earn around Rs 54 crore at every launch with commercial use of this technology. The SSLV technology is mainly known to install small satellites in orbit, whose global demand is increasing rapidly.
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Enthusiasm in the stock market (Hal isro deal)
On Monday, HAL’s stock climbed more than 1% to Rs 5028 in the morning session itself. The stock closed at Rs 4973 on Friday. This performance of HAL in the midst of falling market gives great hope to investors.
30% return in the last three months (Hal isro deal)
HAL shares have given 30% returns in the last three months, while investors have made more than 150% profit in two years. This defense PSU company is now going to give a new height to India’s self -reliance in the field of space technology.
