ISRO's Antrix earns Rs 1860 crore in 2014-15, up Rs 700 crore from 2010-11

NEW DELHI: The turnover of Antrix Corporation Limited, the commercial arm of the Indian Space Research Organisation (ISRO), was Rs 1860.71 crore (unaudited) during 2014-15 as compared to Rs 1113.58 crore in 2010-11, the Parliament has been informed. 

Earlier, Minister in the Department of Space had informed the Parliament that India had earned a sum of approximately Rs 662 crore ($17 million and 78.5 million Euros) by launching 45 satellites from 19 countries using ISRO's Polar Satellite Launch Vehicle (PSLV).

Antrix has signed agreements for launching 28 more foreign satellites from six countries namely Algeria (3), Canada (4), Germany (4), Indonesia (2), Singapore (6) and the United States (9).

The launches of these foreign satellites are envisaged during the 2015-2017 time period. Discussions with foreign agencies and companies are going on for providing launch services to their satellites on-board ISRO’s PSLV and Geo-synchronous Satellite Launch Vehicle (GSLV).

The details of the commercial income generated by Antrix for the last five financial years are: 

(Rs in crore)

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