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Press Release - Department of Space

Press Release

Government of India

Department of Space

Press Release - Department of Space

The total value of the transaction agreement entered into between Antrix Corporation Limited, the commercial arm of Department of Space and DMC International Imaging (DMCii), a wholly owned subsidiary of Surrey Satellite Technology Limited (SSTL), UK for launch of 5 British Satellite’s viz. DMC3-1, DMC3-2, DMC3-3, CBNT-1 and De-orbitsail, is Euro 28 million (£19.7 million).

A total revenue of GBP 19.7 millionhas accrued to Antrix as these satellites have been launched under commercial agreement between Antrix Corporation Limited and M/s. DMCii.

From 1999 till date, 45 foreign satellites from 19 countries have been successfully launched using PSLV, under commercial arrangement between Antrix Corporation Limited and the foreign customer. The total revenue earned by Antrix through launching of these foreign satellites amounts to approximately US$103.5 million equivalent or £ 66.1 million.

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Aug 19, 2015
 
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