NewSpace India Limited. NewSpace India Limited (NSIL) is a Public Sector Undertaking (PSU) of the Government of the Republic of India and under Department of Space. NSIL is responsible for producing, assembling and integrating the launch vehicle with the help of industry consortium. It was established on 6 March 2019 under the administrative control of the Department of Space (DoS) and the Company Act 2013. The main objective of NSIL is to scale up private sector participation in Indian space programmes.

Objectives 
NSIL was setup with the following objectives:

 Transfer of Small Satellite technology to industry: NSIL will obtain license from DoS/ISRO and sub-license the same to industry
 Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with private sector
 Production of Polar Satellite Launch Vehicle (PSLV) through Indian industry
 Production and marketing of Space-based products and services, including launch and application
 Transfer of technology developed by ISRO Centres and constituent units of DoS
 Marketing of spin-off technologies and products/services, both in India and abroad

Contracts
In 2022, NSIL executed a contract with OneWeb to launch 36 satellites to low Earth orbit for their satellite internet constellation. NSIL again successfully deployed another set of 36 OneWeb satellites on 26 March 2023.

The Ministry of Defence signed a ₹3,000-crore agreement with NSIL, a subsidiary of the Indian Space Research Organisation (ISRO), for the procurement of the advanced communication satellite, GSAT 7B, to meet the requirements of the Indian Army.

An agreement was reached between NSIL and Arianespace for a long-term collaboration to enable satellite launch missions. As part of the Memorandum of Understanding, Ariane 6 of Arianespace and the heavy lift launch vehicle LVM3 of ISRO will answer the demand for launching larger communication or earth observation satellites as well as satellites for mega constellations, thereby satisfying the needs of the global launch service market.

A launch service agreement has been signed by Space Machines Company and NSIL on 26 June 2024 for the launch of second Optimus spacecraft aboard the SSLV in 2026. The mission will tackle the issue of space debris piling up around Earth, which poses a threat to astronaut safety as well as upcoming space missions. The mission is a component of the International Space Investment India Projects program and is supported by Australian Space Agency with grant of $8.5 million.

On October 9, 2024, Bellatrix Aerospace and NewSpace India Limited signed a contract for the integration of Pushpak Orbital Transfer Vehicle (OTV) for NSIL's launch missions. With the ability to move satellites into other orbits with more accuracy and efficiency, Pushpak OTV is made for in-orbit maneuvering. Additionally, it can facilitate future deep space missions, inclination changes, GEO transfer missions, and multi-orbit deployment sequences. Pushpak OTV to assist small satellites and CubeSats to reach their designated orbits. The first launch with Pushpak OTV integrated into an ISRO rocket is expected to be in early 2026.

References 

Government-owned companies of India
Commercial launch service providers
Space programme of India
2019 establishments in Karnataka
Indian companies established in 2019
Companies based in Bengaluru