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HMT REVIVAL PLAN
HMT land bank may be monetised as AI clustersIndia is preparing a plan to use land owned by HMT Ltd for artificial intelligence clusters. HMT has a large land bank across several state...- Centre plans reviving HMT and VISL: KumaraswamyThe Union government is planning to revive HMT and the Sir M. Visvesvaraya Iron and Steel Plant (VISL). Discussions have been held, and a r...
- Learn from N. Chandrababu Naidu on how to develop state, Union Minister Kumaraswamy tells KarnatakaUnion Minister H.D. Kumaraswamy criticized the Karnataka government for lack of cooperation with central development initiatives. He highli...
- Set up expert group to revive HMT, Parliamentary panel tells governmentThe panel said it was flabbergasted to discover the huge backlog in payment of salaries and other allowances to the employees of various un...
- 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 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 ...
- 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.
- Employees of 10 sick PSUs to get six months salary till MarchEmployees of 10 ailing central public sector enterprises (CPSEs), including Hindustan Cables and HMT Ltd, will get outstanding salaries and...
- Govt approves Rs 122 cr for clearing dues of 9 CPSEsThe govt today approved a non-plan budgetary support of Rs 122.65 crore for clearing of statutory dues including salary and wages of nine s...
- HMT Ltd, Hindustan Cables to be revived soon: DPE SecretarySick units like HMT Ltd and Hindustan Cables will be revived soon as proposals to nurse these units back to health are in advanced stages.
- Govt working on plan to revive sick PSUs including Scooters India and HMT Chinar Watches: Praful PatelThe government today said it is working on a plan to revive sick PSUs including Scooters India and HMT Chinar Watches.
- Defence ministry may revive ITI which has plants in Congress bastionsGovt is likely to revive the ailing state-run telecommunications equipment maker ITI because some of its plants are located in Congress bas...
- Government plans to revive five PSUs through fund induction of Rs 4575 croreHMT Ltd, HMT Bearings, HMT Watches, NEPA, Nagaland Pulp and Paper will be revived through induction of funds by the govt.
- HMT likely to get revival package by beginning of FY'11HMT Watches is likely to receive a revival package from the government by the beginning of the next financial year for plant upgradation an...
- Govt plans to sell 74% stake in HMT BearingsThe government is considering to offload up to 74% stake in HMT Bearings (HBL) and is also looking for joint venture partners in some other...
- 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...
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