Indian Space Research Organisation (ISRO) has been increasingly undertaking foreign space missions and space contracts though the profit range is not as high as expected due to the cost of production involved. Going by its net profit figures given by the minister in parliament, it is in the same range as last year.
ISRO’s commercial arm Antrix is responsible for foreign contracts that are executed by ISRO’s Research & Development activities in the area of space technology and its applications. Antrix Corporation Limited has been generating commercial income and the following table gives last five-years figures:
(Rs in crores)
Giving the information in Rajya Sabha on Thursday, Union Minister of State Jitendra Singh said the focus is mainly on R&D for the ISRO while its commercial arm is engaged in commercial contracts. Soon ISRO will carry NASA space missions, according to its chairman Dr A.S. Kiran Kumar.
Antrix facilitates space launch of satellites for agencies all over the world to be carried out by Indian Space Research Organisation and has so far served 40 foreign clients such as EADS Astrium, Intelsat, Avanti Group, WorldSpace, Inmarsat, and other space institutions in Europe, Middle East and South East Asia.
Incorporated as a private limited company, by the Indian government in September 1992, Antrix was in news over the Devas scam earlier though its achievements such as Successful launch of W2M satellite, supply of reliable satellite systems and sub-systems are well-regarded.
Among the satellite launches, Kitsat (Korea), Tubsat (DLR – Germany), BIRD (DLR – Germany), PROBA (Verhaert, Belgium) aboard the ISRO’s Polar Satellite Launch Vehicle (PSLV) are some. It also provides many IOT / TTC support services to International Space Agencies for customers such as World Space PANAMSAT, GE Americom, AFRISTAT etc.
It had launched TecSar for Israel and two satellites for France and Japan in 2012 followed by French SPOT 7 satellite on 30 June 2014 and 5 satellites for UK-based SSTL to launch their 3 DMC3 satellites last month.