Cabinet Approves Transfer Of 10 In-Orbit Communication Satellites To Public Sector Enterprise

The Union Cabinet has approved the transfer of 10 in-orbit communication satellites to public sector enterprise NSIL which is under the administrative control of the Department of Space. In a statement, the cabinet said it has also approved increasing the authorised share capital of NewSpace India Limited (NSIL) from Rs 1,000 crore to Rs 7,500 crore. Read More…