India has approved the sale of a 10% stake in its military airframer Hindustan Aeronautics Ltd. (HAL) through an initial public offering (IPO).

India requires at least 75 additional satellites by 2021 to meet the country’s growing demand for space-based research and applications, according to the country’s space agency.

India’s state-run space agency has begun work on IRNSS-1I, the ninth satellite of the country’s navigation constellation, following the failed launch of a backup satellite last month.