Hindustan is the leading partner with L&T sharing the work. Other vendors will also be involved with the consortium in the manufacturing of the Launch Vehicles. However, the contract is not yet formalised/ awarded.
ISRO’s commercial arm, NSIL floated the RFP for the said work earlier in December 2020.
Post this development, HAL’s counter hit a lifetime high of Rs1,693, and is currently trading at Rs1,677, up by 3.51% against its previous closing of Rs1,620.20 on NSE.
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