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HMT MACHINE TOOLS LTD LTD
By 2010, HMT will be a Rs 5,000-crore company: S Girish Kumar, HMT"We will shut down three loss-making subsidiaries, consolidate the rest and right size workforce from 4,500 to 1,000-1,200."- HMT soars 14% on subsidiary revival planShares of HMT surged nearly 14 per cent amid reports that the government was looking to revive two of firm's loss-making subsidiaries, Heav...
- Government looks to revive HMT Machine Tools, Heavy Engg CorporationGovernment is eyeing revival of loss-making Ranchi-based public sector firm Heavy Engineering Corporation (HEC) and HMT Machine Tools Ltd, ...
- Government approves 5 projects with grant of Rs 175 croreGovernment today approved five projects with a grant of Rs 175 crore related to the capital goods space for companies including HMT Machine...
- HMT inks pact with Fraunhofer for technology upgradationState-run engineering firm HMT today signed an agreement with German firm Fraunhofer for technology upgradation.
- VRS proposal in 3 HMT companies awaiting CCEA approval: GM SiddeshwaraA voluntary retirement scheme proposal for employees of HMT Watches, HMT Chinar Watches and HMT Bearings has been prepared for approval of ...
- News of HMT's closure breaks hearts of watch connoisseursHMT's craftsmanship makes the watch a prized possession among horologists in the UK and Germany for its design finesse and superior quality.
- Government to wind up 6 PSUs including HMTGovernment may wind up at least six central public sector enterprises including the iconic watchmaker HMT that it believes are not capable ...
- Government nod for Rs 288 crore payment to staff of 11 ailing CPSEsThe government today approved Rs 287.67 crore for payment of statutory dues and salary among others to employees of eleven loss-making cent...
- HMT Machine Tools Ltd forays into Naval Systems productionThe first equipment was handed over to Dr Ajit T Kalghatgi, Dierctor (R&D) BEL by HMTMTL MD B M Shivashankar at a function at nearby Kalama...
- HMT employees to get revised wages;retirement age raised to 60The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA).
- 11 sick PSUs gets Rs 116 crore for payment of wages, other duesThe government provided Rs 116.86 crore to eleven sick public sector units (PSUs) towards payment of wages and other dues.
- HMT eyes Rs 1,000 crore turnover in next 5 yearsPublic sector HMT is eyeing a turnover of Rs 1,000 crore in the next five years and plans to foray into aerospace and manufacture of weapon...
- Par approval being sought for disinvestment of HMT BearingsThe govt said it has initiated the process for obtaining Parliament's approval for disinvesting majority stake, through a strategic partner...
- HMT targetting turnover of about Rs 350 crore a yearThe country's machine tools market was worth Rs 8000 crore of which only Rs 1500 crore was Indian contribution and the remaining demand was...
- Govt may form JV with Titan to revive HMTThe government plans to revive HMT Watches, a public sector company that has been facing loses for years together.
- Govt working on HMT's revival plansThe government on Thursday said plans to revive the HMT group of companies are at various stages of consideration and implementation.
- HMT recast may cost Rs 1,200 crRevival of the Hindustan Machine Tools group is turning out to be an uphill task for the Central government, as latest estimates indicate t...
- 'Evolve PSU assets disposal policy'A Parliamentary committee has asked the government to formulate a common policy for disposal of surplus assets of central public sector ent...
- Decision on HMT sell-off soonHeavy Industries Minister Balsaheb Vikhe Patil on Wednesday said the ministry would soon take a decision on the stalled disinvestment of su...
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