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ISRO’s new Partners

HAL and L&T will be the new partner of ISRO, to build space rockets. Both HAL and L&T likely to given a 20% stake in this JV while Godrej, Walchand Industries Ltd may get around 3% each, while 1.5% stake may be parked each with other three small avionics partners. The first launch is planned for 2020-21, under this proposed arrangement with the industry consortia.

http://defenceaviationpost.com/hal-lt-join-lead-industry-partners-isro-making-space-rockets/

 

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