Indian Space Research Organisations (ISRO) has successfully launched the Polar Satellite Launch Vehicle C55 (PSLV-C55) mission carrying two Singaporean satellites from Satish Dhawan Space Center at Sriharikota in Andhra Pradesh.
PSLV-C55 is a dedicated commercial PSLV mission of NewSpace India Limited (NSIL), which is the commercial arm of ISRO, for an international satellite customer.
It is the 57th flight of PSLV, and the 16th mission of the PSLV Core Alone configuration (PSLV-CA)variant. This is the lightest version of PSLV.
New Space India Limited, incorporated in 2019 (under the Companies Act, 2013) is a wholly owned Government of India company, under the administrative control of Department of Space (DOS).
NSIL is the commercial arm of ISRO with the primary responsibility of enabling Indian industries to take up high technology space related activities.
It is also responsible for promotion and commercial exploitation of the products and services emanating from the Indian space programme.
The major business areas of NSIL include:
Production of Polar Satellite Launch Vehicle (PSLV) and Small Satellite Launch Vehicle (SSLV) through industry;
Production and marketing of space-based services, including launch services and space-based applications like transponder leasing, remote sensing and mission support services;
Building of Satellites (both Communication and Earth Observation) as per user requirements;
Transfer of technology developed by ISRO centres/ units and constituent institutions of Dept. of Space;
Marketing spin off technologies and products/ services emanating out of ISRO activities;