The Stellar Symphony: How Listed Companies Joined Forces for Chandrayaan 3

Ever wondered about the private and publicly listed companies propelling Chandrayaan 3 alongside ISRO? Read this complete article to know more about these companies!

Corporations Behind ISRO's Chandrayaan 3

Imagine landing a spacecraft on the moon and exploring its secrets. That’s what India is aiming to do with Chandrayaan-3, its latest lunar mission. Launched on July 14, Chandrayaan-3 will make India the fourth country to achieve a soft landing on the moon, after the US, Russia and China. But this mission is not just about ISRO, the Indian Space Research Organization. It’s also about the private and publicly listed companies that helped ISRO with its ambitious project. In this article, we will meet some of these companies and learn how they contributed to India’s space exploration.


1) India to be the sole nation to successfully land on the southernmost region of the moon.

2)The Chandrayaan 3 mission will draw a lot of investment to India's private space sector in exchange for potentially higher profits.

3)Space market valued $486B in 2022, projected $1.879T by 2032, benefiting India's economy.

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Investors should consider making investments in the stocks of companies that have contributed to the Chandrayaan-3 mission. These companies have demonstrated their expertise and capabilities in the space sector, and they are well-positioned to benefit from the growing demand for space products and services. However, investors should also be aware of the risks associated with investing in these stocks, such as the volatility of the space industry and the potential for delays/ cancellations of space missions.

Given below are details of some listed companies:

Larsen and Toubro (L&T)

  • Supplied ground and flight umbilical plates

  • Manufactured and tested critical booster segments for the launch vehicle

  • Met the quality and timeline standards for space hardware production

  • Helped with the system integration of the launch vehicle

Market Price: Rs. 2713, Market Capitalisation: Rs. 381275 crore, PE ratio: 34

Hindustan Aeronautics

  • Supplied components such as structural parts, avionics, and propulsion systems to NAL.

Market Price: Rs. 3956, Market Capitalisation: Rs. 131165 crore, PE ratio: 22

Bharat Heavy Electricals

  • Supplied its 100th battery to ISRO for Chandrayaan 3.

Market Price: Rs. 110, Market Capitalisation: 38129 crore, PE ratio: 119

Paras Defence and Space Technologies

  • NewSpace India Limited (NSIL) and Department of Space (DoS) signed an MoU in 2020 to commercialise ISRO’s technologies.

  • NSIL has transferred over 363 technologies to public and private entities. 

Market Price: Rs. 725, Market Capitalisation: 2742 crore, PE ratio: 78

Walchandnagar Industries

  • Company has made components for all the 48 PSLV launches by ISRO.
  • Company’s involvement dates back to the first PSLV launch in 1993.

Market Price: Rs. 104, Market Capitalisation: 462 crore, PE ratio: 19

Centum Electronics

  • Company has made hundreds of components for Indian space missions.

Market Price: Rs. 1632, Market Capitalisation: 1942 crore, PE ratio: 181

MTAR Technologies

  • Assisted in the fabrication of engine and stages.

Market Price: Rs. 2216, Market Capitalisation: 6752 crore, PE ratio: 63

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