Larsen & Toubro (L&T) and other companies that supplied equipment and materials for India's mission to the moon jumped on Wednesday, hours before the country attempted to land a spacecraft on the lunar south pole.
The Indian Space Research Organisation's (Isro's) Chandrayaan-3 spacecraft landed on the lunar south pole at 6:04 pm IST on Wednesday, in a mission seen as crucial to lunar exploration and the country's standing as a space power.
The mission has received heightened attention after Russia's Luna-25 mission failed less than a week earlier.
Industrial conglomerate L&T, which manufactured some segments of the booster that launched the spacecraft, ended 1.5 per cent higher.
India's space centre in Sriharikota also uses L&T's tracking radar used to monitor launch vehicles.
Alloy maker Mishra Dhatu Nigam, which supplied cobalt and nickel base alloys for the launch vehicle, jumped 3.4 per cent, while Indo National, which supplied four electronics components for the launch vehicle, jumped 5 per cent.
Precision engineering firm MTAR Technologies, which counts Isro among its clients, jumped nearly 5 per cent, while Paras Defence and Space Technologies added 5.4 per cent.
Industrial gas firm Linde India climbed 3.2 per cent and is up nearly 19 per cent so far this week, while Centum Electronics, which supplied modules for the mission, surged 14.2 per cent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
)