Archive For The “Business” Category

ISRO to rope in industry majors for mini-PSLV project

 Indian Space Research Organisation (ISRO) will rope in private companies or consortiums for its mini-PSLV project aimed at tapping the small satellite launch market. ISRO chairman Dr K Sivan told TOI that the first such rocket is likely to be tested by the middle of next year. The project – first reported by TOI – involves assembling a small rocket in […]

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ISRO looking for industries to participate in launch of rockets

ISRO said it was looking at participation of a consortium of industries in the space agency’s plan to launch 12 to 18 rockets each year.”ISRO wants the industries to come forward and develop the finished product from raw material to processing, integration, testing and launching of rocket from Sriharikota, in our plan to launch 12 […]

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Mahindra and Boeing team up to make F/A-18 fighters in India

India’s Mahindra Defense Systems, or MDS, a subsidiary of automaker Mahindra & Mahindra, has signed a deal with U.S. aircraft maker Boeing to build F/A-18 Super Hornet fighter jets in India. Hindustan Aeronautics will also participate.This is Mahindra’s first foray into offensive weaponry. Up to now it has made noncombat defense equipment, such as armored […]

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ISRO urges industry to take up rocket launch

Dr S Pandian, Director, ISRO Propulsion Complex, Mahendragiri, hinted that the Indian Space Research Organisation is looking for some kind of industry consortium to take up rocket launch and move to greater heights.Urging industry participants to leverage their strength and partner with ISRO in this mission, he said: “the ISRO is targeting to launch 12-18 […]

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L&T to set up Rs 500-cr facility to make Rocket Motors for ISRO and Space Air Frames for Brahmos

Larsen and Toubro (L&T) is all set to expand its defence component manufacturing facility in the district and set up an exclusive factory on its Malumichampatti campus at a cost of Rs 500 crore to manufacture rocket motors for the Indian Space Research Organisation (ISRO). Mr J D Patil, director, defence, L&T, said the factory […]

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GMR Group to set up aerospace, defence manufacturing hub at Hosur

GMR Group, India’s leading infrastructure company, will set up an ‘Aerospace and Defence Manufacturing Hub’ at its Special Investment Region at Hosur in Krishnagiri district of Tamil Nadu, to encourage indigenous production of defence equipment in the country. India stands amongst the top five defence spenders in the world. However, due to an underdeveloped defence […]

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Mahindra Defence inks pacts with Japanese, Israeli firms for UAVs and seaplanes

The Mahindra Group announced two partnerships for its foray into new areas in the Defence business – one with Israeli company Aeronautics for naval shipborne UAVs (unmanned aerial vehicles) and the other with Japan-based ShinMaywa Industries Ltd for naval seaplanes. Aeronautics and Mahindra plans to supply UAV system that can be launched and recovered from […]

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Tata Sons to merge aerospace and defence business under one entity

Tata Sons said it is in the process of consolidating its various businesses across aerospace and defence sectors under a single entity Tata Aerospace & Defence (Tata A&D). The necessary statutory and regulatory approvals are in the process of being obtained in this regard, the company said in a release. Tata A&D proposes to bring together over 6,000 employees, and have production facilities […]

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Honeywell eyes more tie-ups with India in aerospace systems

US software-industrial conglomerate Honeywell is working on finalising a couple of collaborations with Indian companies for the local production of defence technologies. The company, which has been working with defence PSU Hindustan Aeronautics Ltd (HAL) for more than four decades, is looking at new partnerships on the lines of its tie-up with Tata Power’s Strategic […]

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State-Run HAL Wants to Compete for $15 Billion Air Force Order

Hindustan Aeronautics Ltd. is boosting production capacity to manufacture locally-developed light combat aircraft, even as it strikes a strategic tie-up with American major Boeing Co. to bid to make F/A-18 fighter jets in India. Although the public sector aircraft maker has fallen behind on deliveries of the first group of 40 ‘Tejas’ planes ordered in […]

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