Two more navigational satellites will be launched this year, said ISRO chairman K.Radhakrishnan on Friday after an Indian rocket successfully placed in orbit the country's second navigation satellite.

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"The PSLV (Polar Satellite Launch Vehicle) in its 25th successive successful flight precisely injected India's second regional navigaton satellite. This proves again that India's PSLV has a place of pride," said an elated Radhakrishnan.

"By 2014 we will launch two more navigational satellites - IRNSS-1C and IRNSS-1D. Three more navigational satellites will be launched early 2015. By middle of 2015, India will have all the navigational satellite system."

He said the ISRO team will be coming to its spaceport again in June to launch the country's heavier rocket Geosynchronous Satellite Launch Vehicle - Mark III (GSLV-Mk III).