This government-owned company makes a significant contribution to the success of Chandrayaan-3
The Chandrayaan-3 mission completes a year today. In the wake of the success of this mission, India is celebrating Space Day today. In the last one year, thanks to this Mission to the Moon, India has hoisted its flag all over the world. It is Chandrayaan. Now let us tell you something that you might not know.
In fact, a government company has played a very important role in the success of the Chandrayaan 3 mission. The country’s largest government company, Larsen & Trubo i.e. L&T, is associated with the ISRO mission.
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partner for 5 decades
L&T has been a partner in the country’s ISRO missions for the past five decades. And it can be said that the success of the Chandrayaan 3 mission is incomplete without this venture. This venture gave the countrymen another glorious experience like a successful lunar mission. At the same time, this venture has also made its investors rich. Let us tell you how the shares of this company have made investors rich.
National Space Day – 2024 One day to go!
Come, let’s celebrate together the first National Space Day 🇮🇳@DrJitendraSingh #NSpD2024 pic.twitter.com/RAZkvSFSwM
-ISRO (@isro) August 22, 2024
Quick profitability in 1 year
On August 23, i.e. exactly a year ago, Chandrayaan 3 conducted its satellite test. On that day, the share price of this company was Rs 2,717.60, which has now increased to Rs 3,602.30 on August 23, 2024. That is, in the last one year this company has given investors a strong return of 32.55 percent. If we talk about the last five years, L&T shares have seen a sharp jump of 180 percent. 5 years ago, its share price was just Rs 1,328, but now it has crossed Rs 3,600.
Chandrayaan-3 had made history by reaching the Moon’s South Pole a year ago.
Boybank also offers
After the successful mission of Chandrayaan 3, there was a continuous increase in the market capitalization of this company in September last year. So, apart from offering strong returns on the stock, the company had also offered buyback to the investors. In September last year, the company announced a share buyback. Under this, an increase of Rs 200 per share was made. The company had earlier announced that it would give Rs 3,000 per share to the investors. But after the success of Chandrayaan 3, it was increased to Rs 3,200.
Chandrayaan 3
India is growing rapidly in the space sector
Thanks to L&T and a few other companies, India is making very fast progress in the space sector. Currently, India ranks fifth in the world in terms of space services. In this list, the US is ranked first, then China, then Japan and Britain is ranked fourth. Apart from L&T, many other Indian companies including Godrej have played a major role in the Chandrayaan 3 mission.
