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Business Economy


Walchandnagar Industries bags Rs 77.20 crore order from ISRO

Walchandnagar Industries bags Rs 77.20 crore order from ISRO

Mumbai, Sep 12 (UNI) Walchandnagar Industries Ltd (WIL) said that company has secured an order worth Rs 77.20 crore plus escalation from the Vikram Sarabhai Space Centre of ISRO located at Thiruvananthapuram.

The order is towards manufacturing and supply of Head, Middle and Nozzle End segments (total 30 nos) for the GSLV M KIII launch vehicle. It is WIL's second largest single order from ISRO and the largest as far asthe GSLV-M KIII launch vehicle is concerned.

Receipt of this order is a significant milestone for the Aerospace business of WIL as it contributes to a strong order book in this strategic segment, company said in a filing with the BSE.

WIL has been a strategic partner to ISRO since the 1970s and has supplied critical launch vehicle hardware for all its programs (SLV, ASLV, PSLV, GSLV, and GSLV-M KIII), including the latest Chandrayaan-2 mission.

Receipt of this order is a testimony to WIL's technical expertise and niche manufacturing capability.

UNI JS SV 1324

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