Trilegal advises Pixxel on ₹1,200 crore+ PPP Project with IN-SPACe to build Indian Earth Observation satellite constellation

Trilegal has advised consortium lead Pixxel on its winning bid to design, build, and operate India’s first fully indigenous commercial Earth Observation (EO) satellite constellation under the Public-Private Partnership (EO-PPP) model with the Indian Space Promotion and Authorization Center (IN-SPACe).

The transaction team was led by Abhishek Dubey (Partner), with support from Ishita Sinha (Senior Associate) and Associates Sagnik Sarkar and Aditya Kaushik.

Pixxel is a deep-tech space company that specialises in the distribution of hyperspectral imagery and operates a constellation of six of the world’s highest resolution, commercial-grade hyperspectral earth observation satellites known as the 'Firefly' constellation.

The consortium, consisting of Pixxel and its industry peers, SatSure, PierSight, and Dhruva Space, will build a constellation of 12 earth observation satellites over the course of the next 5 years, at an estimated project cost of more than ₹1,200 crores / $130 million. The constellation will integrate high-resolution optical, multispectral, hyperspectral, and synthetic aperture radar (SAR), payloads, supported by a network of ground infrastructure, and provide satellite imagery, value-added services, and analytics, to its customers.

The consortium and IN-SPACe have now signed the agreement formalising the terms of the PPP project. The project represents a milestone in the development of an indigenous earth observation satellite constellation that can serve both private, as well Indian government and strategic, customers.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.