India's HAL rises after tech transfer deal for low-Earth orbit launch vehicles

Hindustan Aeronautics

10/09/2025 08:49

** Shares of Hindustan Aeronautics HIAE.NS rise 2% to 4,541 rupees after tech transfer pact

** Indian space agency ISRO, commercial arm NSIL and regulator IN-SPACe enable HAL to manufacture Small Satellite Launch Vehicle

** SSLV can carry 500kg payload to low-Earth orbit for communication, earth observation uses

**  HAL gets autonomy to build, own, operate launch vehicle; 2-yr tech absorption, then 10-yr production phase

** 18 analysts have a "buy" rating on avg, median PT is 5,800 rupees - data compiled by LSEG

** Stock up nearly 9% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))