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According to Business Line, the management has highlighted that the company is planning to develop and manufacture its own satellites of 100-200 kg mass. Currently, the company only designs and develop small or nano satellites for ISRO and few private players.
The company is focusing on increasing its exposure in the space industry through developing and manufacturing satellites and radars. The company, which already has expertise in manufacturing radars for defence platforms, received a significant order worth Rs 363 crore recently for building two deep-space surveillance radars from DRDO for space. Earlier, the company had mentioned that there is a huge opportunity for private players in manufacturing satellites for space. The order backlog was at Rs 1,012 crore as of October 2022 (~3x TTM revenues)