TDB-DST signs agreement with Manastu Space for ₹116 crore RDI support to advance indigenous green propulsion technology

The Technology Development Board (TDB) under the Department of Science & Technology (DST) has signed an agreement with M/s Manastu Space Technologies Private Limited to provide financial support of ₹116 crore under the Research Development and Innovation (RDI) Fund. The total project cost is ₹277.63 crore, and the funding will be disbursed through Optionally Convertible Debt (OCD). The project focuses on developing a scalable, integrated green propulsion system for satellites and launch vehicles utilizing a hydrogen peroxide-based green propellant with additives. It aims to advance the technology from Technology Readiness Level (TRL)-6 to TRL-9, strengthening domestic capabilities in the space technology sector and reducing reliance on externally sourced components.