HAL and L&T consortium emerges L1 to make 5 PSLVs for ISRO

Hindustan Aeronautics Ltd and L&T consortium has emerged as L1 to make 5 Polar Space Launch Vehicles (PSLVs) for ISRO. Company is the lead partner with L&T sharing the work. Other vendors too will be involved with the consortium in the manufacturing of the Launch Vehicles. However, the contract is yet to be formalised / awarded.

ISRO's commercial arm, NSIL had floated the RFP for the said work in December, 2020.

Shares of Hindustan Aeronautics Limited was last trading in BSE at Rs. 1620.25 as compared to the previous close of Rs. 1577.60. The total number of shares traded during the day was 54146 in over 4586 trades.

The stock hit an intraday high of Rs. 1632.50 and intraday low of 1586.90. The net turnover during the day was Rs. 87233277.00.

Source : Equity Bulls

Keywords

HindustanAeronautics INE066F01012 HAL LandT LnT L1 PolarSpaceLaunchVehicles PSLV ISRO