Introduction:

On 23rd August 2023, India witnessed a historic and proud moment when the Vikram lander of its Chandrayaan-3 mission soft-landed successfully on the moon. With this accomplishment, India becomes only the fourth country in the world to land on the moon and the first to do so in its south polar region.

The world is now on its feet to congratulate India and its space agency, the Indian Space Research Organisation (ISRO). However, the achievement would not have been possible without the companies working daily for this ambitious mission's success.

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Are you eager to know which are these companies? Here is the list of firms behind the success of the ISRO’s Chandrayaan-3 mission:

• Larsen and Toubro (L&T)

Larsen and Toubro (L&T) played a critical role in the success of the Chandrayaan-3 mission. L&T has been involved in this mission from the start by manufacturing subsystems. They also helped in module tracking until the successful landing of the Vikram lander.

The company manufactured crucial booster segments for the launch vehicle, including the head end, middle, and nozzle bucket flange. These segments were then proof-tested at their Powai facility.

After manufacturing them at their hi-tech Aerospace manufacturing facility in Coimbatore, Tamil Nadu, the company also supplied ground and flight umbilical plates. On 4 September 2023, L&T shares were trading for Rs. 2711.10 per share at the NSE. The prices have zoomed by 3.27% in the last one month.

• Hindustan Aeronautics Limited

Another company that played a key role in the success of the Chandrayaan-3 mission is Hindustan Aeronautics Limited. It supplied mechanical hardware to the National Aerospace Laboratories (NAL), including several key components. The company also participated in the HAL-L&T consortium aiming to build the Polar Satellite Launch Vehicle (PSLV) for the mission.

As of 4 September 2023, Hindustan Aeronautics’ shares were trading for Rs. 3,966.25 per share at the NSE. The share price has zoomed by 5.94% in the last one month.

• Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited (BHEL) is an integrated power plant manufacturing company. For the Chandrayaan-3 mission, it was responsible for manufacturing batteries for the Propulsion and the Lander module. The company’s Welding Research Institute (WRI) manufactured and supplied bi-metallic adaptors for the cryogenic stage of the mission.

As of 4 September 2023, shares of the BHEL were trading for Rs. 138.75 per share. The share price has already zoomed by 30.43% in the last five trading days.

• Paras Defence and Space Technologies

Paras Defence and Space Technologies Limitedis designing, developing, and manufacturing products and solutions for defence and space applications. It specialises in heavy engineering, defense electronics, and space optics.

The company’s Department of Space (DoS) has signed a Memorandum of Understanding (MoU) to assist the New Space India Limited (NSIL) in identifying technologies developed by the ISRO for commercialization.

As of 4 September 2023, the shares of Paras Defence and Space Technologies Ltd. were trading for Rs. 781.55 per share at the NSE and Rs. 781.65 per share at the BSE. The shares have returned 14.77% in the last 30 days.

• Godrej Aerospace Limited

Mumbai-based company – Godrej Aerospace Limited – was another top company behind the success of India’s moon mission. It manufactured and supplied critical core components required for assembling the Chandrayaan-3 launch vehicle. For example, the company developed rocket engines and thrusters integral to the launch vehicle's functioning.

The liquid propulsion engines and thrusters were manufactured at the company’s Vikhroli manufacturing unit in Mumbai. According to Godrej CEO Mr Anil G. Verma, the L110 engine and the CE20 engine for the upper stage of the Chandrayaan-3 were supplied by Godrej Aerospace. The company has also served the ISRO for numerous other missions, including the Chandrayaan-2 and the Mangalyaan.

To conclude

These are the top five companies responsible for the success of the ISRO’s Chandrayaan-3 mission. Apart from those mentioned above, several other companies, including Walchandnagar Industries, Centum Electronics, MTAR Technologies, Linde India, Ananth Technologies, and Himson Industrial Ceramic, played a crucial role in the mission's success.

As an investor, you can invest in the shares of these companies to reap short-term or long-term gains. Most of these companies are poised for solid growth in the future as the government looks to conduct more such operations after the success of the Chandrayaan-3.

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