Business & FinanceDeals

L&T, HAL vetted to bid on India rocket privatisation

25 August 2023, 3:49 pm 1 minute

Reuters exclusively reported that Larsen & Toubro and Hindustan Aeronautics are among companies vetted to potentially bid in India’s efforts to privatize its small satellite launch rocket as the government seeks more investment in the booming space market.

Market Impact

India is aiming to increase its share of the global satellite launch market by fivefold within the next decade. ISRO suppliers and related companies have seen an uptick in share prices this week.

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Aerospace & Defence

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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