Shares of Hindustan Aeronautics Ltd (HAL) surged 2% to touch the day’s high of Rs 4,550 on 10th September after the company announced a landmark agreement with the Indian Space Research Organisation (ISRO), the Indian National Space Promotion and Authorisation Centre (IN-SPACe), and NewSpace India Ltd (NSIL) to transfer Small Satellite Launch Vehicle (SSLV) technology.

The SSLV is a three-stage rocket designed to place satellites up to 500 kg into Low Earth Orbit (LEO). Under the agreement, HAL will absorb the technology over the next two years before entering a ten-year production phase.

HAL has received a non-exclusive, non-transferable licence covering design, manufacturing, quality control, integration, launch operations, post-flight analysis, training, and support. The company will handle mass production to meet both domestic and international demand.

HAL’s Chairman and MD, D.K. Sunil, said the company will work closely with IN-SPACe, ISRO, and NSIL to absorb, indigenise, and commercialise SSLV technology, ensuring high-quality small satellite launch services. This move will also create opportunities for Indian MSMEs, start-ups, and the wider industrial ecosystem.

The technology transfer marks HAL’s shift from being a component supplier to a full-fledged launch service provider with the ability to build, own, and operate the SSLV.

At 2:35 PM, the shares of HAL were trading 2.02% higher at Rs 4,544.10 on NSE.

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