For the first time in history private companies, independent of the Indian Space Research Organisation (ISRO) will be able to manufacture the Polar Satellite Launch Vehicle end-to-end.
As of now three organisations, consisting of Adani Group and L&T and one another are at the forefront of getting the contract.
As of now, a total of three entities consisting of two consortiums of multiple firms and one single firm have submitted their bids in response to a request for proposal (RFP) issued by New Space India Limited (NSIL) for the construction of five launch vehicles.
The NSIL is the commercial arm of the ISRO and was set up as a Public Sector Undertaking under the Department of Space (DoS). The objectives of the NSIL is to carry out various tasks related to the production of space vehicles, owning satellites and much more.
It issued the request for proposal in December of the last year and three major players submitted their bids for the proposal.
These are a consortium of Adani-Alpha Design, BEL, BEML, and a consortium of HAL and L&T. other than them BHEL has submitted its bid as a single firm for the contract.
The Department of Science has said that the contract is in line with the ISRO’s goal of launching more and more satellites each year. Along with that, the contract will have multiple other implications like boosting the Make-in-India initiative and also enhancing the country’s space capabilities.
The chairman and managing director of NSIL Mr Radhakrishnan D said about the contract that “The techno-commercial evaluation is underway, after which the bids will be opened. We are hopeful of completing the whole process in a couple of months, and cannot comment on anything more at this juncture.”
The PSLV which was used to launch many important satellites like the Mangalyan and the Chnarayan Mission had its first flight in September 1993 and ever since then, it has completed more than 50 launch missions over 28 years. NSIL also looks to invest around Rs 10,000 crore over the next five years in the Indian space industry.