NewSpace India Ltd has invited expressions of
interest from one or more experienced companies to produce PSLV satellite
Polar Satellite Launch Vehicle (PSLV) is an
indigenously-developed expendable launch system of the ISRO. It is the first
Indian launch vehicle to be equipped with liquid stages.
It comes in the category of medium-lift
launchers with a reach up to various orbits, including the Geo Synchronous
Transfer Orbit, Lower Earth Orbit, and Polar Sun Synchronous Orbit.
New Space India Limited (NSIL) was set up in
March 2019. It is a Central Public Sector Enterprise (CPSE), under the
administrative control of Department of Space (DOS).
The NSIL has been set up to meet the increasing
demands of Indian space programmes and to commercially exploit the emerging
global space market.
The main functions of NSIL are: a) Manufacture
of Small Satellite Launch Vehicle (SSLV) in collaboration with Private Sector,
b) production of Polar Satellite Launch Vehicle (PSLV) through Indian Industry,
c) production and marketing of Space based products and services, including
launch and application, d) Transfer of technology developed by ISRO Centres and
constituent units of DOS and e) Marketing spin-off technologies and
products/services, both in India and abroad.
NSIL is the second commercial entity of the
Department of Space (DoS) after Antrix Corporation Limited which was set up in
1992 to market the products and services of the Indian Space Research