Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

L&T Delivers India's First Launch Hardware for Gaganyaan Mission Despite Covid-19 Restrictions

Posted On: 2020-11-17 05:42:01


Larsen & Toubro, India's leading engineering, procurement and construction projects, manufacturing, defence and services conglomerate, delivered the first hardware, a booster segment, for Gaganyaan Launch Vehicle to ISRO ahead of schedule in a virtual flag-off ceremony presided over by Dr. K Sivan, Chairman, Indian Space Research Organisation (ISRO).

Notwithstanding the limitations imposed by COVID-19, the Middle segment of the world's third-largest solid propellant rocket booster - 'S-200,' has been delivered ahead of schedule with Zero-Defects. The segment was produced at L&T's Powai Aerospace Manufacturing Facility meeting the enhanced quality and timeline requirements for India's maiden manned mission.

L&T is playing a vital role in powering ISRO's Human Space Flight Program (HSFP). A trusted partner of ISRO for almost five decades, L&T has been involved in the production of a range of hardware for every mission of ISRO, including the acclaimed Chandrayaan and Mangalyaan missions.

The critical booster segment, with a diameter of 3.2 meters, 8.5 meters in length and weighing 5.5 tons, was jointly flagged off in a virtual event by Dr. K Sivan, Secretary Department of Space & Chairman ISRO and Mr. Jayant Patil Whole-time Director and Member of L&T board. This ceremony was graced by Dr S. Somnath, Director VSSC, Dr V R Lalithambika, Director DHSP and Dr S Unnikrishnan Nair, Director HSFC, members of scientific community across ISRO laboratories and officials from Larsen & Toubro.

Terming this maiden delivery as a magnificent Diwali gift to the nation, Dr K Sivan, Chairman, ISRO, complimented the ISRO and L&T teams and said, "both the teams have relentlessly worked on realizing the flight hardware ahead of schedule while maintaining the highest quality standards required for a Human Space Flight Mission."

Mr JD Patil, Whole-Time Director and Senior Executive Vice President (Defence & Smart Technologies), L&T said, "We felt honoured to be trusted by ISRO in this extremely critical space program, where best engineering minds and skilled hands of L&T are meeting the technological challenges with ISRO, its five-decade-old partner. We are confident that together with ISRO scientists, L&T engineers and technicians will fulfill aspirations of the Nation."

The Human Space Mission: GSLV Mk III launcher which is ISRO's heavy-lift launcher is identified for Gaganyaan mission given its requisite payload carrying capacity for launching an Orbiter module in a desired elliptical orbit. The S-200 forms the solid propellant booster for this launch vehicle.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1081.25 as compared to the previous close of Rs. 1059.1. The total number of shares traded during the day was 325028 in over 13258 trades.

The stock hit an intraday high of Rs. 1096.7 and intraday low of 1061. The net turnover during the day was Rs. 352238936.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Deepak Fertilisers' subsidiary gets favorbale verdict from Delhi High Court

Likhitha Infrastructure Ltd secures contract of Rs. 112.88 crore

TATA CONSUMER PRODUCTS LIMITED to sell MAP Coffee Business for Rs. 6.74 crore

APL Apollo Tubes Ltd board fixes Dec 16, 2020 as record date for stock split

Thomas Cook India & SOTC focus on year-end holiday demand

BCG listed amongst Fortune INDIA 500

Long Pending issue of Donimalai Iron ore Mine has been finally resolved

KPI Global Infrastructure Ltd signs PPA with Alliance Fibres Ltd

ONGC VIDESH Strikes Commercial Oil in Appraisal Well 'Indico2' in CPO-5 block, Colombia

ICRA reaffirms long-term rating of ITD Cementation India Ltd

Zensar recognized as an 'Innovative' company at the CII Centre for Digital Transformation DX Awards 2020

Smartlink Holdings Ltd Board approves Buy back of equity shares at Rs. 95

Tata Power completes financial restructuring of Coastal Gujarat Power Limited

ODIN and Exchange Technology not effected by SEBI order - STP Revenue mere 1.56% of total revenue of Company

KEI Industries Ltd. extends its focus on girl child education with 'Shiksha Jyoti' programme

Baghjan Blowout Well finally abandoned

63 moons to challenge SEBI order on STP Gate Services

Tata Power secures Letter Of Intent for Odisha's WESCO and SOUTHCO discoms

BHEL expedites project execution through innovation

Nitco Limited - Business Update for November 2020

Fitch Ratings upgrades viability rating of IDBI Bank

Zydus receives approval from DCGI to commence Phase III clinical trials with Pegylated Interferon alpha-2b in India

IEX expands Green Market - introduces new contracts to enable renewable energy trade on the same day and up to 11 days ahead

Pritish Nandy Communications to release short film Rat a Tat

Vaibhav Global Ltd forms subsidiary to manufacture and export fashion jewelry and lifestyle products

Mahindra Holidays & Resorts India Limited invests Rs. 3.05 crore in Rocksport

K Raheja Corp Investment Managers LLP to consider raising Rs. 200 crores in Mindspace Business Parks REIT

SBM Bank India and Vakrangee Join Hands to offer #SmartBanking to the unbanked Bharat

HT Media Ltd completes acquisition of Mosaic Media Ventures Private Limited

Fitch affirms Punjab National Bank at 'BBB-', Outlook: Negative

Vi Business partners with Fortinet to launch Managed Security Services for enterprise

CRISIL updates on ratings of AU Small Finance Bank Limited

Orient Cement Ltd to acquire 26% stake in AMPSolar Systems Pvt Ltd

OMDC receives order allowing despatch of undisposed stock of minerals

Wintac Ltd board approves business with relates parties, increase in borrowing limits

Tijaria Polypipes Limited appoints Mr. Ramesh Jain Tijaria as additional director

Ind-Ra affirms Commercial Paper rating of GHCL Limited

Affle Platforms Accredited by IMDA Singapore and Wins 'Technology Company of the Year' at MMA Smarties along with 21 other Industry Recognitions

Granules India Limited announces approval of Penicillamine Capsules, 250 mg, generic equivalent of Cuprimine ® of Bausch Health Americas, Inc.

Orientbell Tiles's Hoskote plant goes cleaner, greener with GAIL Gas

Kotak Wealth and Hurun India Launch 2nd Edition of 'Kotak Wealth Hurun - Leading Wealthy Women'

HDFC Life & HDFC Ergo launch Click 2 Protect Corona Kavach - a combi protection plan with Term & COVID-19 health cover in a single policy

Cloud, Cybersecurity, and Modernization Will Power Digital Business Models and Increased IT Spending, say Global 2000 Executives: Infosys - HFS Research

November performance helps NMDC grow from strength to strength

Fermenta Biotech Limited's US-subsidiary acquires majority stake in AGD Nutrition LLC

Coastal Gujarat Power Limited repays Rs. 1550 crore of bank loans

McDonald's India announces the launch of a new packaging - 'EatQual' for its Specially-Abled Customers on the International Day of Person with Disabilities

Ahluwalia Contracts India Ltd secures new order aggregating to Rs. 533.90 crore

Max Estates leases 62,500 sq. ft. office space at Max Towers, Noida to Yes Bank

Tilaknagar Industries clears all outstanding dues of subsidiary Prag Distillery



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019