India’s Heaviest Satellite Weighing 5,854 Kg To Be Launched, Will Boost Internet Speed

India is set to launch its heaviest satellite from the French Guiana by Europe’s Ariane-5 rocket early on Wednesday morning. The satellite weighing 5,854 kg would enhance the speed of the internet in the country.

The satellite was scheduled to be launched early this year but was suspecting some technical problems, the Indian Space Research Organisation (ISRO)) recalled the satellite in April as a precautionary measure after the Gsat-6A satellite failed around the same time. Gsat-6A satellite went out of control and signal from it was lost soon after its launch on March 29.

heaviest satellite

Gsat-11 is a high-throughput satellite that would carry 40 transponders in the Ku-band and Ka-band frequencies and is capable of  “providing high bandwidth connectivity” with up to 14 gigabits per second (GBPS) data transfer speed.

Isro chairman K Sivan recently told TOI that the “launch of four high-throughput satellites will provide the country broadband connectivity of over 100 gigabits per second (Gbps) by next year.” Of the four, two satellites Gsat-19 and Gsat-29 have already been launched. Gsat-11 will be launched on Wednesday and Gsat-20 launch has been scheduled next year. He said, “Together, all these satellites will provide high-speed internet connectivity in the country, especially in rural areas, and help bridge the digital divide.”

[“source=cnbc”]

Domestic business, Bhushan buy boost Tata Steel’s Q2 numbers

tata steel-bccl
Tata Steel could also resort to “portfolio monetisation” to trim its debt.
Mumbai: Taking advantage of favourable business climate, Tata Steel on Tuesday reported a stellar show for the September quarter, beating market estimates.

The company’s financials were way ahead of the street estimates, driven by higher realisations in the domestic business and strong contributions from the
Auto and branded retail accounted for nearly half the total deliveries made in the quarter. “We are ramping up operations at Bhushan Steel and expanding 5 mtpa at Tata Steel Kalinganagar,” said TV Narendran, CEO, Tata Steel.

The company has also signed a definitive agreement to acquire 1 mt-long product steel plant of Usha Martin.

For the September quarter, the company’s revenues stood at Rs 43,554 crore, 34 per cent higher year-on year. EBIDTA grew by 92 per cent to Rs 9,000 crore, while net profit trebled to Rs 3,116 crore.

recently acquired Bhushan Steel. The performance of the overseas businesses though, especially Europe, was lacklustre due to plant shutdowns.

Greater footprint in the more lucrative domestic market, with increasing focus on the less cyclical and higher margin automotive and branded retail segment augur well for the shareholders, who have expressed concerns over the company’s mounting debt.

[“source=forbes]