HAL Inks SSLV Tech Transfer Pact With ISRO: In a major development Hindustan Aeronautics Ltd has signed a small satellite launch vehicle (SSLV) technology transfer agreement with the Indian Space Research Organisation (ISRO) NewSpace India Limited and the Indian National Space Promotion and Authorisation Centre. The SSLV which is a three-stage rocket is specifically used to launch small satellites which fall in the less than 500 kg weight category into low Earth orbit. HAL informed about the development in an exchange filing. Following the development the shares of HAL rose by two percent on Wednesday. The company’s share was trading at Rs 4503.55 on BSE up by 1.12 percent intraday. What Are The Features of SSLV And Terms Of The Agreement Under the agreement HAL will utilise the technology for the first two years followed by a 10-year production phase. In its regulatory filing the company informed that it has signed a non-exclusive and non-transferable license of SSLV technology with ISRO. It means that HAL is responsible for  SSLV’s design manufacturing quality control integration launch operations post-flight analysis documentation training and support. If everything went as planned HAL will be responsible for mass producing SSLV to meet Indian and global demands. It is going hand in hand with HALs long-term strategy under which it aims to setup a separate space vertical. This agreement has also taken the company a step closer to its aim enabling it to move beyond just a component supplier to a complete launch service provider. Highlights • HAL signed a non-exclusive non-transferable technology transfer agreement with ISRO NSIL and IN-SPACe for SSLV production. • SSLV is a three-stage rocket designed to launch satellites under 500 kg into low Earth orbit. • The pact covers two years of technology use followed by a 10-year production phase. • Analysts believe the deal opens a new revenue stream in the global small satellite launch market What’s Analysts Take On The Development? According to defence analyst at Ashika Institution Research Krishna Doshi this development will provide the company with a new revenue stream from the global small satellite launch service market. He further stated that the execution of the production of SSLV will need to be monitored in terms technology adaptation. Company shares HAL shares have remained relatively stable over the past month experiencing a 12% drop over the last three months. In contrast the stock has seen a significant increase of 32% in the past six months and has risen by 8% since the start of the year. Although HAL shares have decreased by 4% over the past year they have provided an impressive return of 942% over the last five years.