HighPositive
Announced Tue, 21 Jul · 13:59 IST
Which listed companies contributed to Skyroot Aerospace’s Vikram-1 success?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Skyroot Aerospace's Vikram-1 rocket successfully placed payloads into a 450-km low Earth orbit on July 18, marking India among a small group of private firms with orbital launch capability. Solar Industries invested Rs 18 crore in Skyroot in 2021 when it was valued at around $30 million; the startup's valuation has since risen to $1.1 billion and could exceed $2 billion after the launch. Inox India supplies critical ground equipment for satellite launches, while TechEra Engineering is supplying tooling and Diffusion Engineers also contributed to the mission.