Chennai, October 2: Public sector NewSpace India Ltd (NSIL) has decided to launch the communication satellite four-tonne GSAT-24 through Ariane-5 rocket belonging to European aerospace agency Arianespace. According to NSIL, GSAT-24, a four-tonne class communication Ku-band satellite built by the Indian Space Research Organisation (ISRO) will be put into orbit using Ariane-5 rocket operated by Arianespace.
The GSAT-24 satellite fully funded by the NSIL is expected to be launched during the first quarter of 2022. The entire satellite capacity on-board GSAT-24 will be leased to its committed customer Tata Sky for meeting their DTH application needs. NewSpace India Can Also Lease ISRO Assets, Says K Sivan.
The GSAT-24 satellite will be owned and operated by NSIL on a commercial basis. Speaking to IANS earlier, K. Sivan, Secretary, Department of Space and Chairman, ISRO said NSIL will acquire three communication satellites -- GSAT 20, GSAT 22 and GSAT 24 -- made by the ISRO.
NewSpace India Ltd, apart from buying satellites made by ISRO can also lease assets from the latter. Queried about transferring ISRO's other satellites to NSIL, Sivan had said: "We are thinking about asset transfer on lease basis. Plans are there."
(The above story first appeared on LatestLY on Oct 02, 2021 07:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).