Financial Daily from THE HINDU group of publications
Wednesday, Apr 20, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 20, 2005 |
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Industry & Economy
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Science & Technology Keltec develops GSLV components Our Bureau
Thiruvananthapuram , April 19 STATE-OWNED Kerala Hitech Industries Ltd (Keltec) has developed two major critical components for the Indian Space Research Organisation (ISRO). The components, L40 tanks and L40 contour nozzle thrust chamber, are to be used in the second stage of the GSLV (Geo-synchronous Satellite Launch Vehicle). They are manufactured indigenously using special alloy materials for the first time in the country. The components were handed over to Dr G. Madhavan Nair, Chairman of ISRO and Secretary, Department of Space, here on Tuesday. Dr Nair said that since ISRO is concentrating on solid, liquid and cryo engines, it has adopted a policy of sub-contracting to potential vendors. With two PSLVs and two GSLVs planned every year, he hoped that Keltec would be loaded with orders. Mr G.M. Nair, Managing Director of Keltec, said the company had developed a proven product line in the form of L40 tanks, Vikas engine, contour nozzle and gas bottles. The manufacture of L40 tanks involves chemical milling and sophisticated automatic welding. The contour nozzle combustion chamber was manufactured using high temperature-resistant satellite material end employing hydraulic expansion process. Mr Nair said the turnover of Keltec increased form Rs 11.20 crore in 2003-04 to Rs 15.20 crore in 2004-05. It has targeted a turnover of Rs 20 crore in the current year.
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