Ananth Technologies forges relations with Roscosmos to work on satellite
Jan 02 2014
In this direction, it is working on a communication satellite. It has forged a relationship with Russia’s Roscosmos. The satellite would have 40 transponders and can be used by communication companies for internet and for DTH, according to Dr Subba Rao Pavuluri, chairman and managing director of Ananth Technologies.
This company already has been developing systems for satellites and launch vehicles of ISRO.
This satellite is expected to have a life of 15 years and the overall cost is expected to be $ 300 million (about Rs 1,800 crore). This would basically cater to the clients in the North and South America. This would be orbiting at an altitude of around 36,000 km in the geosynchronous orbit.
The project would be funded by international agencies, he said.
Design and system engineering is being done in India. The transponders would be sourced from MDA Canada. The satellite integration would be in Russia. The launch will be done using Russian launch vehicle ‘ Proton’. “We are expecting to launch the satellite in late 2015 or early 2016,” said Dr Pavuluri adding that it is the first of its kind effort from the private players in India.
On the business potential, he said each transponder could bring in revenues in the range of $1.5 to 2 million per year.
He said ATL would invest about Rs 300 crore over five years in expanding its capabilities at the upcoming SEZ facility by Samuha Engineering Industries, a cluster of aerospace and defence related companies.
Among others, it is hopeful of business under the offset clause. With presence of many defence organizations in and around Hyderabad, ATL is hopeful of domestic business also growing. It would continue to focus on system integration, he said adding that the Samuha SEZ would bring players with different capabilities together and tap new opportunities.
“Many aerospace players in Hyderabad are already with Rs 50 crore or more revenues. By coming together, we could be Rs 2,000 crore or so and this would make us eligible to bid for bigger orders. It is all about harnessing the collective power,” he said.
Ananth now has more than 750 people working for it and is serving aerospace, mining, pharma, higher education, public sector and manufacturing segments.