Three entities are in the race to secure the contract to build five units of Indian Space Research Organisation (ISRO)'s iconic Polar Satellite Launch Vehicle (PSLV), Times of India.
The three entities include a single firm and two consortiums. The two consortiums include one led by Ahmedabad-headquartered Adani Group and another which comprises Larsen & Toubro (L&T). All three are said to have submitted their bids on 30 July.
Adani's Consortium also includes Alpha Design, and state-owned entities BEL and BEML. The consortium involving L&T includes public sector aerospace major HAL. Meanwhile, another public sector entity, BHEL has placed its bid as a single entity.
The bids were invited by the New Space India Limited (NSIL). NSIL is a public sector undertaking (PSU) that operates under the Government's Department of Space.
It should be noted that NSIL had first called for the Expression of Interest (EOI) to which five entities had responded. However, following its issuance of the Request for Proposal (RFP), three entities submitted bids.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.