ISRO's Antrix Corporation's Records Cumulative $1.1 Billion Revenue - Earns $140 Million Net Profit

[Chanakya's_Chant]

ISRO's Antrix earns Rs 1860 crore in 2014-15, up Rs 700 crore from 2010-11

NEW DELHI: The turnover of Antrix Corporation Limited, the commercial arm of the Indian Space Research Organisation (ISRO), was Rs 1860.71 crore (unaudited) during 2014-15 as compared to Rs 1113.58 crore in 2010-11, the Parliament has been informed.

Earlier, Minister in the Department of Space had informed the Parliament that India had earned a sum of approximately Rs 662 crore ($17 million and 78.5 million Euros) by launching 45 satellites from 19 countries using ISRO's Polar Satellite Launch Vehicle (PSLV).

Antrix has signed agreements for launching 28 more foreign satellites from six countries namely Algeria (3), Canada (4), Germany (4), Indonesia (2), Singapore (6) and the United States (9).

The launches of these foreign satellites are envisaged during the 2015-2017 time period. Discussions with foreign agencies and companies are going on for providing launch services to their satellites on-board ISRO’s PSLV and Geo-synchronous Satellite Launch Vehicle (GSLV).

The details of the commercial income generated by Antrix for the last five financial years are:

(Rs in crore)

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Source:- Indian Television Dot Com | ISRO's Antrix earns Rs 1860 crore in 2014-15, up Rs 700 crore from 2010-11

 

[Chanakya's_Chant]

The reason why India is yet to rake in big money is because most of these foreign satellites are light satellites (less than 1600 kg) and for India to begin making a significant dent in the space-launch industry, worth $3 billion, it must be able to lob heavy communication satellites that are atleast four tonnes.

According to industry reports, more than 80% of the revenues from satellite launches come from heavy satellites.

Indian scientists work on a fifth of the salaries of their counterparts in space agencies in Europe and the United States. These low costs are reflected in the entire ecosystem of manufacturers that include nearly 400 Indian private companies making different parts of the rockets and satellites. ISRO is frequently able to offer satellite launches at 75% of the cost of space agencies in the West.

India's space agency Isro had made $100 million from launching 45 commercial satellites in space. That is however money made (and not profits) over eight years and by comparison Arianespace, a French company and the dominant player in the commercial space launch market reported revenues of €1.399 and a €3 million profit just last year.

 

[Chanakya's_Chant]

Department of Space
13-August, 2015 14:40 IST
Revenue accrued by launching satellites The total value of the transaction agreement entered into between Antrix Corporation Limited, the commercial arm of Department of Space and DMC International Imaging (DMCii), a wholly owned subsidiary of Surrey Satellite Technology Limited (SSTL), UK for launch of 5 British Satellite’s viz. DMC3-1, DMC3-2, DMC3-3, CBNT-1 and De-orbitsail, is 28 Million Euros (Rs 209.41 Crores).

A total revenue of 28 Million Euros (Rs 209.41 Crores) has accurued to Antrix as these satellites have been launched under commercial agreement between Antrix Corporation Limited and M/s. DMCii.

From 1999 till date, 45 foreign satellites from 19 countries have been successfully launched using PSLV, under commercial arrangement between Antrix Corporation Limited and the foreign customer. The total revenue earned by Antrix through launching of these foreign satellites amounts to approx. 17 Million USD and 78.5 Million Euros.

This information was given by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in reply to unstarred question in Rajya Sabha today.

*****
@VeeraBahadur

 

[HariPrasad]

reusable vehicle when come in use shall significantly reduce the launching cost.

 

[Sarjen29]

This is a slap in the face for the people who were criticized Indian space programs , especially for the British Bullsh1t Corporation, suck it bbc