L&T bets on space exploration as India expands private rocket industry

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L&T bets on space exploration as India expands private rocket industry - Business Standard

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The first launch of a privately built PSLV booster, delayed from early 2025, is expected to occur by mid-year, though an exact date had not yet been decided, Ramchandani said.

Each rocket costs about $30 million."Clearly when we are getting into a business like this, it is with an eye to the global market," Ramchandani said."There's demand for timely and cost-effective launches, especially as satellite constellations grow.

Walking through the facility, amid workers building heat shields and other rocket components, he said the global launch vehicle market was expected to hit about $160 billion over the next decade.