ISRO's commercial arm NSIL announces first

05 Oct , 2021 By : monika singh

ISRO's commercial arm, NewSpace India Limited (NSIL) on Friday announced its first "demand-driven" communication satellite mission as part of Space reforms announced by the Government in June last year.

NSE 0.87 %, incorporated in March 2019, got mandated to undertake operational satellite missions on a "demand driven" model, wherein it has the responsibility to build, launch, own and operate the satellite and provide services to its committed customer.

As part of this initiative, NSIL, a Central Public Sector Enterprise (CPSE), under the Department of Space (DOS), is now undertaking its "1st demand driven communication satellite mission" named GSAT-24, a four-tonne class Ku- band satellite.

NSIL is getting this satellite built by ISRO (Indian Space Research Organisation) and will be launching it using Ariane-5 launcher operated by Arianespace.

"The entire satellite capacity on-board GSAT-24 will be leased to its committed customer M/s Tata Sky for meeting their DTH application needs," an NSIL statement said.

NSIL said it has entered into necessary agreement with Tata Sky for utilising the satellite capacity on-board GSAT-24 and with Arianespace for seeking the launch services.

GSAT-24 satellite will be owned and operated by NSIL on a commercial basis.

The GSAT-24 satellite mission will be fully funded by NSIL.

NSIL is envisaging the launch of GSAT-24 satellite during first quarter of 2022, it was stated.