Larsen & Toubro (L&T) share price jumped 1.28% to Rs 2,485 today after the company announced its successful contribution to India’s upcoming moon mission, Chandrayaan-3. In a recent regulatory filing, L&T revealed that it has supplied various essential components for the mission, reinforcing its significant role in the country’s space exploration endeavors.
Manufactured at L&T’s cutting-edge facility in Powai, the company produced key components like the “middle segment and nozzle bucket flange” for Chandrayaan-3. Additionally, L&T’s aerospace manufacturing facility in Coimbatore played a vital role in supplying components such as ground and flight umbilical plates, showcasing their expertise and commitment to the mission.
This is not the first time L&T has been involved in India’s space missions. The company has previously contributed to the production of hardware for Chandrayaan-1, Chandrayaan-2, Gaganyaan, and Mangalyaan missions of the Indian Space Research Organisation (ISRO). Their continued involvement underscores their expertise and commitment to advancing the country’s space exploration endeavors.
Chandrayaan-3, the third lunar mission by India, is scheduled to launch on July 14 at 2:35 pm. It serves as a follow-up mission to Chandrayaan-2, which experienced a crash landing in September 2019 due to a software glitch. With L&T’s contributions and the dedication of the entire team, Chandrayaan-3 aims to achieve new milestones in lunar exploration.
L&T, with its extensive experience and global presence, is a USD 23-billion multinational company known for its expertise in engineering, procurement, and construction (EPC) projects, as well as its advanced manufacturing capabilities and services. Operating in over 50 countries, L&T continues to contribute significantly to various sectors and projects worldwide.
(With agency inputs)