New Delhi: The Indian Space Research Organisation (ISRO) will fly two small defence satellites either in July or August this year on its new rocket known as the Small Satellite Launch Vehicle (SSLV), said the space agency’s Chairman K Sivan on Wednesday. Also Read - Procure Vaccines From All Sources, Halt Central Vista Project: 12 Opposition Leaders Write to PM Modi

“We are planning to fly two defence satellites, each weighing about 120 kg in our new rocket SSLV this July or August. The rocket design recently underwent a detailed integrated technical review,” said ISRO Chairman. Also Read - EU Stands With India in 'Challenging Time', Modi Says 'Collaboration Essential' to Stop Pandemic

The total weight of the payload that will be carried by the SSLV on its maiden flight will be near about 500 kg. The two satellites would weight about 120 kg each, there will be adaptors and others that would weigh about 300 kg. Also Read - Pressure Mounts on Modi Govt to Impose Nationwide Lockdown; Oppn Says Total Shutdown 'Inevitable' 

The total weight of the rocket will be 110 tonnes, said Sivan.

On Tuesday, the Union Cabinet chaired by Prime Minister Narendra Modi gave its approval for setting up of a new company under the Department of Space (DoS), to commercially exploit the research and development work carried out by ISRO and its constituent units.

The following areas/avenues provide opportunities for commercial exploitation of ISRO programmes:

Small satellite technology transfer to industry, wherein the new company shall take the licence from DoS/ISRO and sub-license to industries; manufacture of the small satellite launch vehicle (SSLV) in collaboration with the private sector.

Besides, production of PSLV through industry; production and marketing of space-based products and services, including launch and applications; transfer of technology developed by ISRO Centres and constituent units of DoS.

Also marketing of some spin-off technologies and products, both in India and abroad; and any other subject which Government of India deems fit. When asked about the technologies that the ISRO can transfer, Sivan said, “We have developed technologies in materials, chemicals and others. These can be transferred so that people can benefit.”

Sivan said the capital for the proposed company will not be large and its name is yet to be finalised.

(With input from agencies)