The HMT has manufactured such a large machine first the first time.
All parameters of the machine were...
validated during the pre-dispatch inspection thus confirming the entity’s strength to build such high-end machines. A release from HMT-MTL said HMT Chairman and Managing Director S. Girish Kumar inaugurated the machine and handed over the same to A. Balamurali, Senior Scientist of ISRO’s SDSC SHAR. The release said it was a state-of-the-art machine with various sub-systems like chip and dust collection system, remote CNC-controlled system to machine extremely hazardous solid propellant and high speed machining for motor insulation. The machine would help the ISRO to increase production of solid rocket motors for launching more satellites. The cost of the machine is around Rs. 18 crore. The ISRO has placed order for two more machines with the HMT MTL and they would be delivered by March 2019, the release said.
Earlier, HMT posted an 84-percent rise in its Q3 profit compared to the previous quarter. It posted a profit of Rs 4 crore. However, the ailing PSU’s operational loss continues. EBITDA loss in Q3 was Rs 3 crore as against Rs 2 crore in Q2. The PSU managed to post a profit at the net level due to a 27 percent YoY growth in other income. Non-operating income for the PSU was almost equal to operating revenue operating revenue in Q3.Net profit in Q3 was Rs .55 crore against Rs .27 cr in Q3 2017.