Pixxel-led consortium bids for EO PPP at zero, to bear Rs 1,200-crore cost

A consortium led by Bengaluru-based Pixxel, which has won the government contract to design, build, and operate India’s first fully indigenous commercial Earth Observation (EO) satellite constellation, did so by bidding at zero cost. This means the group will bear the entire ₹1,200 crore investment while forgoing the government’s public-private partnership (PPP) offer of up to ₹350 crore in support.

“The winning bid was zero. I cannot reveal the other bids, but this zero bid by the consortium is a very strong statement that the private sector sees immense opportunities in space,” IN-SPACe chairman Pawan Goenka told ET.