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According to the space agency, the satellites became unusable after the SSLV-D1 placed them in an elliptical orbit instead of a circular one.
SSLV-D1/EOS 02 was carrying an earth observation satellite and a student satellite.
It lift off from the First Launch Pad of Satish Dhawan Space Centre, Sriharikota in Andhra Pradesh.
The maiden flight of the much-awaited SSLV took place at 9:18 am from Satish Dhawan Space Centre, Sriharikota on Sunday.
28 years on, Nambi Narayanan's story continues to evoke the same level of intrigue, just like it did in the 1990s.
GSAT-24 is a 24-Ku band communication satellite weighing 4180 kg with pan-India coverage for meeting DTH application needs.
The objective of the launch was to place the Earth Observation Satellite EOS-3 in a geosynchronous orbit in space.
The high court had on August 13 last year granted anticipatory bail to former Gujarat DGP R B Sreekumar, two former police officers of Kerala - S Vijayan and Thampi S Durga, and a retired intelligence official P S Jayaprakash - in connection with the case.
EOS-04, with a mission life of ten years, is a Radar Imaging Satellite designed to provide high quality images under all weather conditions
It took six years for the then Congress-led UPA government to sense this fraud and later the agreement was cancelled