New Delhi, June 21 -- In a significant milestone, Hindustan Aeronautics Limited (HAL) was on Friday declared the winner of the bid for the transfer of technology of the Small Satellite Launch Vehicle (SSLV), the Indian Space Research Organisation's (ISRO) rocket to place satellites up to 500 kg in low-earth orbit, edging out two consortia.

According to a PTI report, fighter jet manufacturer HAL was the standalone bidder for the coveted contract to build the ISRO-designed rocket and was pitted against the two consortia - one led by Alpha Design Technologies, backed by the Adani Group, and the other led by Hyderabad-based Bharat Dynamics Limited.

In a message on X, HAL said that it will be responsible for absorbing, manufacturing and comm...