What’s in the news?

• Indian Space Research Organisations (ISRO) has successfully launched the Polar Satellite Launch Vehicle C55 (PSLV-C55) mission carrying two Singaporean satellites from Satish Dhawan Space Center at Sriharikota in Andhra Pradesh.
• PSLV-C55 is a dedicated commercial PSLV mission of NewSpace India Limited (NSIL), which is the commercial arm of ISRO, for an international satellite customer.
• It is the 57th flight of PSLV, and the 16th mission of the PSLV Core Alone configuration (PSLV-CA)variant. This is the lightest version of PSLV.

About NSIL

• New Space India Limited, incorporated in 2019 (under the Companies Act, 2013) is a wholly owned Government of India company, under the administrative control of Department of Space (DOS). 
• NSIL is the commercial arm of ISRO with the primary responsibility of enabling Indian industries to take up high technology space related activities.
• It is also responsible for promotion and commercial exploitation of the products and services emanating from the Indian space programme. 
• The major business areas of NSIL include:
  • Production of Polar Satellite Launch Vehicle (PSLV) and Small Satellite Launch Vehicle (SSLV) through industry;
  • Production and marketing of space-based services, including launch services and space-based applications like transponder leasing, remote sensing and mission support services; 
  • Building of Satellites (both Communication and Earth Observation) as per user requirements;
  • Transfer of technology developed by ISRO centres/ units and constituent institutions of Dept. of Space;
  • Marketing spin off technologies and products/ services emanating out of ISRO activities;
  • Consultancy services.

https://newsonair.gov.in/News?title=ISRO-successfully-launches-PSLV-C55-mission-carrying-two-Singaporean-satellites&id=459725