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This story is from August 23, 2023

Chandrayaan 3 linked companies gain ahead of landing attempt

Just hours before the nation prepares to land a spacecraft on the lunar south pole, Larsen & Toubro (L&T) and other businesses that provided tools and supplies for India's lunar mission plunged on Wednesday. At 6:04 p.m. IST (12:34 GMT) on Wednesday, the Chandrayaan-3 spacecraft of the Indian Space Research Organisation (ISRO) will make an attempt to land on the lunar south pole in a mission that is essential to lunar research and the nation's status as a space power.
Chandrayaan 3 linked companies gain ahead of landing attempt
File Photo/ TOI
BENGALURU: Larsen & Toubro (L&T) and other companies that supplied equipment and materials for Chandrayaan 3 mission to the moon jumped on Wednesday, hours before the country attempts to land a spacecraft on the lunar south pole.
The Indian Space Research Organisation's (ISRO) Chandrayaan-3 spacecraft will attempt to land on the lunar south pole at 6:04 p.m. IST (1234 GMT) on Wednesday, in a mission seen as crucial to lunar exploration and the country's standing as a space power.
The mission has received heightened attention after Russia's Luna-25 mission failed less than a week earlier.
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Industrial conglomerate L&T, which manufactured some segments of the booster that launched the spacecraft, ended 1.5% on the day.
India's space center in Sriharikota also uses L&T's tracking radar used to monitor launch vehicles.
Alloy maker Mishra Dhatu Nigam, which supplied cobalt and nickel base alloys for the launch vehicle, jumped 3.4%, while Indo National, which supplied four electronics components for the launch vehicle, jumped 5%.
Precision engineering firm MTAR Technologies, which counts ISRO among its clients, jumped nearly 5%, while Paras Defence and Space Technologies added 5.4%.
Industrial gas firm Linde India climbed 3.2% and is up nearly 19% so far this week, while Centum Electronics , which supplied modules for the mission, surged 14.2%.
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