Transfer of 10 in-orbit communication satellites from the government to __________ approved by Cabinet.

A)
NewSpace India Ltd(NSIL)
B)
Department of Space(DS)
C)
Hindustan Aeronautics Limited(HAL)
D)
Defence Research and Development Organisation(DRDO)

Correct Answer :   NewSpace India Ltd(NSIL)


The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday(8th June 2022) approved the transfer of 10 in-orbit communication satellites from the government of India to NewSpace India Ltd (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO), in a move that is widely expected to ensure adequate commercial exploitation of these satellites.
 
The Cabinet also approved increasing the authorised share capital of NSIL from ₹1,000 crore to ₹7,500 crore.

Source : F T L

Published On : June 9, 2022