HAL shares jump 2% as company signed SSLV technology transfer agreement with ISRO, IN-SPACe, NSIL

Shares of Hindustan Aeronautics LTD, India’s largest defence player by orderbook, rallied over 1.9% on Wednesday morning after the company announced signing a Small Satellite Launch Vehicle (SSLV) Technology Transfer Agreement with India’s leading space organisations. The shares traded at ₹4,544 apiece on the NSE at 1:00 pm.

Hindustan Aeronautics (HAL), Indian National Space Promotion and Authorisation Centre (IN-SPACe), NewSpace India (NSIL) and Indian Space Research Organisation (ISRO) have signed the Small Satellite Launch Vehicle (SSLV) Technology Transfer Agreement in Bengaluru, on September 10, 2025.

The SSL V is a three-stage vehicle designed to launch satellites weighing less than 500 kg into Lower Earth Orbit (LEO). Under this contract, HAL will absorb the technology in the first two years, followed by a 10-year production phase.

The agreement grants HAL a non-exclusive, non-transferable license to the SSLV technology, which includes comprehensive design, manufacturing, quality control, integration, launch operations, and post-flight analysis documentation, as well as training and support. HAL will be responsible for the mass production of SSLV to meet Indian and global demands.

Through this transfer, the company will now have the autonomy to build, own and operate the launch vehicle, a move that aligns with its long-term strategy to establish a dedicated space vertical. This strategic technology transfer will enable HAL to transition from a component supplier to a comprehensive launch service provider and a key player in the rapidly expanding small satellite market.

Earlier in August, shares of HAL were in focus after the government approved the proposal worth ₹62,000 crore for the new Tejas aircraft. The Cabinet Committee of Security (CCS) on August 19, 2025, approved the proposal for the procurement of 97 Light Combat Aircraft Mk-1A along with associated equipment by the Ministry of Defence for the Indian Air Force from the company.

Hindustan Aeronautics is a Bengaluru-based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.