Cabinet approves Polar Satellite Launch Vehicle Mark-III Continuation Programme - Phase 6

Image
Capital Market
Last Updated : Jun 07 2018 | 2:04 PM IST
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Polar Satellite Launch Vehicle (PSLV) Continuation Programme (Phase 6) and funding of thirty PSLV operational flights under the Programme.

The Programme will also meet the launch requirement of satellites for Earth observation, Navigation and Space Sciences. This will also ensure the continuity of production in Indian industry.

The total fund requirement is Rs. 6131.00 Crores and includes the cost of thirty PSLV vehicles, essential facility augmentation, Programme Management and Launch Campaign.

Major Impact:

The operationalisation of PSLV has made the country self-reliant in the launching capability of satellites for earth observation, disaster management, navigation and space sciences. The PSLV Continuation programme will sustain this capability and self-reliance in the launching of similar satellites for national requirements.

The PSLV Continuation Programme - Phase 6 will meet the demand for the launch of satellites at a frequency up to eight launches per year, with maximal participation by the Indian industry. All the operational flights would be completed during the period 2019-2024.

The Programme will also meet the launch requirement of satellites for Earth observation, Navigation and Space Sciences. This will also ensure the continuity of production in Indian industry.

PSLV Continuation Programme was initially sanctioned in 2008, and four phases have been completed and the fifth phase is expected to be completed by Q2 of 2019-20. The Phase 6 approval will cater to the launch of satellite missions during the period Q3 of 2019-20 to Q1 of 2023-24.

Background:

PSLV has emerged as a versatile launch vehicle to carry out Sun-Synchronous Polar Orbit (SSPO), Geo-synchronous Transfer Orbit (GTO) and low inclination Low Earth Orbit (LEO) missions. With the recent successful launch of PSLV-C41 on 12th April, 2018, PSLV has completed three developmental and forty three operational flights and the last forty one flights have been successful. PSLV has established itself as a workhorse vehicle for national satellites with a production capacity that would enable responding fast to commercial launch opportunities also.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 07 2018 | 1:35 PM IST

Next Story