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Isro's commercial arm Antrix revenue up 17% in FY15

Possiblity of the huge outflow in Antrix issue is remote, says the company

BS Reporter  |  Chennai 

Antrix loses case against Devas, ordered to pay $672 mn as damages

Antrix Corporation Limited (Antrix), the commercial arm of Indian Space Research Organisation, has reported a 17 per cent growth in revenue in 2014-15 at Rs 1,860.71 crore. The company has reported a profit of Rs 205 crore as compared to Rs 200.57 crore.

The company said the rapid growth in services such as DTH, TV broadcasting, VSAT application, data backhauling, telephony and mobile and remote area communications, have created increased demand for satellite communication capacity in the country, said the company in its annual report for the year 2014-15.

With the launch of GSAT-16 communication satellite, the in-orbit capacity has increased by 48 additional transponders in C/ Ext C/ Ku band.

In 2014-15, the company has provisioned to Indian users six additional transporters.

Additionally, 12 transponders have been provisioned to facilitiate migration onto newer satellites. With these allocations, cumulatively over 134 transponders in the INSAT/GSAT System and 96 transponders leased from foreign vendors are provisioned to Indian users for various services.

During the year, eight PSLV launch services agreements were signed for launching 16 international customer satellites as co-passengers. These are with Skybos Imaging Inc, USA; DLR, Germany; COMDEV, Canada, University of Toronto, Institute of Aerospace Studies, Canada, COSMOS International Germany; Space Fight Inc., USA and Algerian Space Agency.

With these the company had signed agreements for launching 33 satellites.

First Published: Fri, December 18 2015. 17:18 IST