ISRO applauds ITI Limited Palakkad as its Trusted Partner

ISRO has applauded its 'trusted partner' ITI Limited's Palakkad Plant for supporting in realization of its flight packages with respect to launch of its GSLV-F12/NVS-01 Mission recently. This Geosynchronous Satellite Launch Vehicle (GSLV) mission deployed NVS-01 Navigation Satellite, weighing about 2232 kgs into a Geosynchronous Transfer Orbit. NVS-01 is the first of the second-generation satellites envisaged for the Navigation with Indian Constellation (NavIC) services. These packages have been fabricated by ITI Ltd, Palakkad and have been successfully been flown in GSLV-F12/NVS-01 Mission.

GSLV-F12 is the 15th flight of India's Geosynchronous Satellite Launch Vehicle (GSLV) and the 9th flight with Indigenous Cryo stage. This is the 6th operational flight of GSLV with indigenous Cryogenic stage.

Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited said, "It is a privilege to be considered as a trusted partner by ISRO. ITI Limited has stateof-the-art manufacturing capabilities and strives hard to ensure the critical quality and delivery requirements in the strategic sector. The trust reposed by ISRO on us is a morale booster for us to look forward for higher assignments and a more fruitful relationship with ISRO." Mr. Rai further added- "The expertise gained by ITI in space electronics sector over a decade in partnership with ISRO has provided immense confidence for us to partner with other emerging players in the field."

Ms. Sheena Abraham Group Director Electronics Production Group, ESAE (ISRO - Electronics Systems Actuators Entity) said - "ITI has all along been our reliable and trusted partner and as in the past, their contribution in Fabrication and Testing of Avionic Packages is thankfully acknowledged. We look forward to ITI Limited's continued support and participation in all our future endeavors."

ITI Limited's Palakkad Plant was also appreciated last year in October 2022 by ISRO for realizing the flight packages with respect to the launch of LVM3 M2/OneWeb India-1 Missionin a time bound manner meeting all Vikram Sarabhai Space Centre (VSSC) quality norms.

Shares of ITI Limited was last trading in BSE at Rs. 107.35 as compared to the previous close of Rs. 107.90. The total number of shares traded during the day was 26425 in over 585 trades.

The stock hit an intraday high of Rs. 108.45 and intraday low of 107.00. The net turnover during the day was Rs. 2841444.00.

Source : Equity Bulls

Keywords

ITI INE248A01017 Applause ISRO GSLVMission