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Revenue accrued by launching satellites

Revenue accrued by launching satellites

Revenue accrued by launching satellites

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 28 Million Euros (Rs 209.41 Crores).

A total revenue of 28 Million Euros (Rs 209.41 Crores) has accurued 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 approx. 17 Million USD and 78.5 Million Euros.

This information was given by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in reply to unstarred question in Rajya Sabha today.

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