The first commercially built PSLV rocket is expected to place in orbit the Oceansat satellite early next year, a top L&T executive said on Tuesday.

The consortium of Hindustan Aeronautics Limited (HAL) and Larsen & Toubro have built the first PSLV rocket entirely on their own, marking a new chapter in India's space journey.

''We have started delivering the PSLV hardware. We are hopeful that next year we will probably have two or three launches,'' A T Ramchandani, Senior Vice President and Head, L&T Precision Engineering and Systems, told PTI on the sidelines of the India International Space Conclave organised by Indian Space Association.

Ramchandani recently took over as Chairman of Indian Space Association, the industry body for the space sector in the country.

ISRO had signed a contr

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