Hindustan Aeronautics flies high on signing SSLV Technology Transfer Agreement with ISRO, IN-SPACe, NSIL
Hindustan Aeronautics is currently trading at Rs. 4545.90, up by 92.40 points or 2.07% from its previous closing of Rs. 4453.50 on the BSE.
The scrip opened at Rs. 4465.00 and has touched a high and low of Rs. 4548.00 and Rs. 4440.00 respectively. So far 28014 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5166.00 on 16-May-2025 and a 52 week low of Rs. 3045.95 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 4548.00 and Rs. 4390.00 respectively. The current market cap of the company is Rs. 303356.34 crore.
The promoters holding in the company stood at 71.64%, while Institutions and Non-Institutions held 20.63% and 7.73% respectively.
Hindustan Aeronautics (HAL), Indian National Space Promotion and Authorisation Centre (IN-SPACe), NewSpace India (NSIL) and Indian Space Research Organisation (ISRO) have signed the Small Satellite Launch Vehicle (SSLV) Technology Transfer Agreement in Bengaluru, on September 10, 2025.
The SSL V is a three-stage vehicle designed to launch satellites weighing less than 500 kg into Lower Earth Orbit (LEO). Under this contract, HAL will absorb the technology in the first two years, followed by a 10-year production phase. The agreement grants HAL a non-exclusive, non-transferable license to the SSLV technology, which includes comprehensive design, manufacturing, quality control, integration, launch operations, and post-flight analysis documentation, as well as training and support. HAL will be responsible for the mass production of SSLV to meet Indian and global demands.
Through this transfer, the company will now have the autonomy to build, own and operate the launch vehicle, a move that aligns with its long-term strategy to establish a dedicated space vertical. This strategic technology transfer will enable HAL to transition from a component supplier to a comprehensive launch service provider and a key player in the rapidly expanding small satellite market.
Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
