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VTM is the Velocity Trimming Module. It is a stage of the launch vehicle. Two satellites were in the payload of this mission, namely EOS-2 and AzaadiSat.

I am sad and disappointed at being hit by the curse of the inaugural flights. ISRO never had a great record with first flight of a new launch vehicle. History has repeated itself. However, I am once again mesmerized by the silence of ISRO and the position ("All stages performed as expected .")...