ISRO decides to make heavy rocket LVM3 under PPP mode

After its two rockets — Polar Satellite Launch Vehicle (PSLV) and Small Satellite Launch Vehicle (SSLV) – the Indian space agency is now looking at making its heaviest rocket LVM3 under the public-private-partnership (PPP) model. The LVM3 is Indian Space Research Organisation’s (ISRO) heaviest rocket with a maximum carrying capacity of four ton to Geo Transfer Orbit (GTO) and eight ton to Low Earth Orbit (LEO). The Indian space agency and NewSpace India Ltd (NSIL) , the commercial arm of Department of Space, have begun the work to make the LVM3 under PPP mode. A stakeholder meeting was recently held by NSIL and ISRO in which representatives from over 30 companies participated. In 2022, NSIL had engaged Hindustan Aeronautics Ltd-Larsen and Toubro Ltd consortium to make five numbers of PSLV rockets.