Bengaluru: Three Entities – two consortiums and one company – including the group led Adani and the other with L & T exists in the race for PSLV contracts, which will, for the first time, see entities outside the launch vehicle to end.
The contract will be to build five launch vehicles and various sources confirmed to TOI that three entities, on 30 July, bid their response to RFP (request proposal) issued by New Space India Limited (NSIL).
Space-PSU operates under the Department of Space (DOS), NSIL was originally understood as an ISRO commercial arm, and was then mandated by the production of launch vehicles, having satellites and more.
As reported first by TOI in August 2019, NSIL has announced an interest in interest (EOI) for five PSLVs responded by five entities.
RFP for the same thing was then issued in December 2020.
“There are five players who respond to Eoi; Three has bid after RFP more than three weeks ago,” said a senior official.
The consortium of things and L & T, others consist of Adani-Alpha Design, Bel and Beml are two group entities, while Bhel has a single company offer.
In accordance with DOS, the contract will not only improve the Make-in-Indian initiative of the government, but it will also increase the ability of ISRO to launch more satellites every year.
The NSIL Chair and Managing Director Radhakrishnan D, said: “Techno-commercial evaluation is underway, after that the offer will open.
We hope to complete the entire process in a few months, and cannot comment on something more at this point.” One source said that The contract is expected to be given by the end of this year and the selected entity will be a licensed manufacturer.
While ISRO always works closely with the industry – every PSLV launch sees more than 150 industries, large and small, contributing to vehicles – this for the first time built by the industry.
PSLV, which has the first flight in September 1993, has become an ISRO hard worker after completing more than 50 mission of launching more than 25 years and new initiatives.
NSIL, whose mandates have been expanded to own and operate capital-solid assets – satellites and launch vehicles – have plans to invest around RS 10,000 Crore for the next five years.
PSU, which has a paid-up capital of Rs 10 Crore and the official capital of Rs 100 Crore, allocated Rs 700 Crore by the Budget Center 2021-22.
In 2019-20, NSIL earned around RS 300 Crore and while official figures for 2020-21 have not come out, the company believes more than Rs 300 Crore.