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The Technology Development Board, under the Department of Science and Technology, signed an agreement on 25 September 2026 with Chennai based Agnikul Cosmos Private Limited for Rs 200 crore in financial support under the Research Development and Innovation Fund, to be provided through Optionally Convertible Debentures. The project aims to develop a fully reusable version of Agnikul's Agnibaan launch vehicle, taking the underlying technology from Technology Readiness Level 4 and above to Level 8, using a lightweight upper stage and a semi-cryogenic propulsion system capable of deep throttling and restart. Agnikul had earlier developed Agnibaan, India's first launch vehicle to fly with a single piece 3D printed engine, the Agnilet.