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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; 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Global space-tech major ICEYE to launch satellite production in India
By PTI · 2026-05-17 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
ICEYE CEO said the company is looking at a potential collaboration in India including with satellite launch providers such as ISRO and private players.

ICEYE CEO said the company is looking at a potential collaboration in India including with satellite launch providers such as ISRO and private players.

ICEYE, a global leader in space-based intelligence, is set to establish its first Indian production facility within the next year to manufacture small satellites for defence, surveillance and environmental monitoring.

Rafal Modrzewski, CEO and co-founder of ICEYE, said that the facility will serve as the company's primary manufacturing hub for the Asia-Pacific region, complementing its existing operations in Europe and the United States.

"There is a strong alignment between what India needs and what we offer. Globally, we are seeing two key trends: increasing defence spending and rapid adoption of space-based capabilities," Modrzewski told PTI in an interview.

"India reflects both these trends. Countries are learning from recent conflicts that space is the next frontier for intelligence and defence. We specialise in defence and intelligence, so naturally, we see India as an important market for our solutions," he said.

Declining to share the quantum of investment that ICEYE is looking to make in India, Modrzewski said the company is aiming to manufacture around 10 satellites in the first year and will scale it up to 20 to 40 satellites annually in the successive years.

"Investment will be significant, likely in the range of tens of millions of dollars, though exact numbers are still being finalised," he said.

ICEYE owns the world's most advanced SAR (synthetic aperture radar) satellite constellation and provides intelligence and surveillance services to its customers. ICEYE-built constellations serve customers in defence and intelligence, environmental monitoring, insurance and emergency management.

"Yes, it is fair to say that India could become our Asia-Pacific hub, alongside Europe and the United States," Modrzewski said.

He said the plan is to put in place a supply chain and the manufacturing facility in India within the next six to 12 months.

At present, ICEYE produces around 50 satellites annually and it plans to take the number beyond 100 annually by 2028.

"We are planning to deploy hundreds more satellites in the coming years.

"Satellites manufactured in India will serve global markets, while also supporting local demand. We are not making our India presence dependent solely on government orders. We are committed to building here regardless of the order book," Modrzewski said.

"We already have customers in India through our existing operations. We are in active discussions with both existing and potential customers, including government stakeholders, but cannot disclose details at this stage," he said.

Modrzewski indicated that ICEYE is holding talks with the relevant government departments on its ambitious plan.

"We are an established company and can operate independently. However, we value open dialogue and collaboration with the government, especially where there is alignment in capabilities and priorities. So far, we have not encountered any major challenges," he said.

The ICEYE CEO also said that the company is looking at a potential collaboration in India including with satellite launch providers such as ISRO and private players, manufacturers of electronics and other components, technology partners and players in the defence ecosystem such as drones and integrated systems.

Published on May 17, 2026