The Hindustan Aeronautics (HAL) and Larsen & Toubro (L&T) consortium has been awarded Rs 860 crore contract for the next five Polar Satellite Launch Vehicles (PSLVs).
The consortium has bagged the contract for end-to-end realisation of five PSLVs over a period of four years from NewsSpace India (NSIL).
As part of its mandate NSIL had invited Expression of Interest on August 2019, for realisation of five PSLV-XL Launch Vehicles by Indian industry.
Based on competitive bidding the HAL-led consortium emerged as the successful bidder.
