HMT incurs Rs 2.39-crore loss: Report

HMT Machine Tools, Kalamassery, which was the only profit-making unit of the ailing HMT Machine Tools, has recorded a loss of Rs 2.39 crore in the just-concluded financial year.
Its profit last year was Rs 85 lakh. The unit’s production dipped from Rs 59.01 crore in the previous fiscal to Rs 44.31 crore in the financial year ended this March.
While the production of computer numerical cutting machines (CNC) worth Rs 24 crore for various clients was completed, some observations made by...

Boosting Modi's Make in India initiative, HMT to deliver two defence components

AT A time when HMT Watches is facing closure following consecutive losses, another PSU HMT Machine Tools at Kalamassery is making rapid strides in the segment of defence production.
Giving a boost to...