HAL shares rises amid PSU signs technology transfer agreement with ISRO
Shares of Hindustan Aeronautics Ltd. (HAL) have been trending higher by 13.10 basis points at Rs. 4,570.60 as the Defense PSU has signed an SSLV Technology Transfer Agreement in Bengaluru.
New Delhi: Shares of Hindustan Aeronautics Ltd. (HAL) have been trending higher by 13.10 basis points at Rs. 4,570.60 as the Defense PSU has signed an SSLV Technology Transfer Agreement in Bengaluru.
Yesterday, Hindustan Aeronautics Limited (HAL), the Indian National Space Promotion and Authorisation Centre (IN-SPACe), NewSpace India Limited (NSIL), and the Indian Space Research Organisation (ISRO) signed the Small Satellite Launch Vehicle (SSLV) Technology Transfer Agreement in Bengaluru. The SSL V is a three-stage vehicle designed to launch satellites weighing less than 500 kg into Lower Earth Orbit (LEO).
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Under this contract, HAL will absorb the technology in the first two years, followed by a 10-year production phase. The agreement allows HAL to use the SSL V technology without sharing it with others, and it includes all the necessary information for design, making, quality checks, combining parts, launching, analyzing after flights, and also provides training and support. HAL will be responsible for the mass production of SSL V to meet Indian and global demands.
The stock opened today at Rs 4,565.00 and reached an intraday high of Rs 4,634.00 at BSE.
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