Students of ri Shakthi Institute of Engineering and Technology have developed a satellite. The satellite will be inaugurated by the chairman of ISRO on January 28. students have developed the satellite at a cost of Rs. 2.5 Crores. The formation of the Indian National Space Promotion and Authorisation Centre in June last by Prime Minister Narendra Modi inspired 12 students of the institute to collaborate with ISRO and develop ‘SriShaktiSat’, the institute chairman Dr Thangavel told reporters here on Wednesday. The satellite would be used as a technology demonstrator for Internet of Things in space and for inter-satellite communication, he said. After the virtual inauguration, the satellite would be handed over to ISRO in February for its use, he added.