Overview
- The September 10 agreement, signed in Bengaluru by ISRO, IN‑SPACe, NSIL and HAL, marks IN‑SPACe’s 100th technology transfer.
- ISRO will train and support HAL over 24 months, including two SSLV missions, with technology absorption slated to conclude by 2027.
- A subsequent 10‑year phase tasks HAL with building, operating and marketing SSLVs for domestic and global customers, with two prototypes planned in the next two years and a ramp to roughly 6–12 rockets annually from 2027.
- The licence is non‑exclusive and non‑transferable, covering end‑to‑end activities from design and manufacturing to integration, launch operations and post‑flight analysis.
- HAL was selected via a competitive process reported at about Rs 511 crore, and its shares rose roughly 1–2% intraday after the pact was announced.