Chennai, Aug 17 (IANS) Targeting to realise 12 Polar Satellite Launch Vehicles (PSLV) per year from the domestic private sector, Indian space agency ISRO's commercial arm NewSpace India Ltd has issued an Expression of Interest (EoI) for first manufacturing five of these rockets.
According to NewSpace India, the Indian industry consortium will be responsible for end-to-end realisation of the solid and liquid fuel powered stages/engines of the PSLV rockets, used by the ISRO to launch satellites into Low Earth Orbit and having the capability to carry multiple satellites and put them into different orbits.
A pre-EoI conference is scheduled at the Indian Space Research Organisation's (ISRO) headquarters in Bengaluru on August 26 while the interested parties have to submit their EoI queries on or before August 21.
As on date, PSLVs, in addition to launching several national satellites, have launched 297 international customer satellites from 33 countries.
The officials of ISRO had earlier told IANS that a PSLV costs about Rs 200 crore and hence the five PSLVs are expected to involve a business of about Rs 1,000 crore.
The Indian industry partners will be permitted to utilize the capital-intensive facilities already realized within ISRO centres under Government Owned Company Operated (GOCO) model for this purpose wherever appropriate/feasible.
Upon successful and satisfactory completion of realization of first lot of five PSLVs, NewSpace India/ISRO will enhance the scope for realisation of PSLVs to 12 per annum, under a separate contract.
The private industry will use the existing approved supply chain of ISRO for the purpose.
New York, Feb 19 (IANS) The US dollar was up in late trading on Tuesday due to rising risk aversion in the market.
The ZEW Indicator of Economic Sentiment for Germany decreased sharply in February, falling 18.0 points to a new reading of 8.7 points, according to latest release by Leibniz Centre for European Economic Research (ZEW) on Tuesday, the Xinhua news agency reported,
On Tuesday morning, the exchange rate of Euro against US dollar once fell to 1.0786, the lowest level since April 21, 2017.
"The Euro is again under selling pressure this morning as it touched a three-year low against the U.S. dollar. The most recent dip lower for the Euro was caused by data out of Germany that showed investor confidence came out weaker than expected," said U.S. foreign exchange payment platform Tempus on Tuesday.
The dollar index, which measures the greenback against six major peers, was up 0.26 per cent at 99.4436 in late trading.
In late New York trading, the euro was down to $1.0792 from $1.0833 in the previous session, and the British pound was down to $1.2999 from $1.3000 in the previous session. The Australian dollar fell to 0.6685 dollar from 0.6715 dollar.
The dollar bought 109.87 Japanese yen, lower than 109.93 Japanese yen of the previous session. The dollar was up to 0.9828 Swiss franc from 0.9809 Swiss franc, and it was up to 1.3252 Canadian dollars from 1.3234 Canadian dollars.