Despite challenges, HMT stays in the black
The Hindu
Kalamassery unit posts net profit of ₹3.37 crore
Having emerged from the red and posted profits for three successive years, the Kalamassery unit of HMT Machine Tools Limited is looking at continuing the good run having already bagged orders worth ₹60 crore to ₹70 crore for the ongoing fiscal despite the challenges posed by the pandemic. The public sector company is also expecting orders worth another ₹30 crore, which may further enhance its prospects. The Indian Railways, defence and ordnance factories remain the major clients of the company. The Kalamassery unit is one of the six units of HMT Limited, a subsidiary of the Bengaluru-based holding company, HMT Limited.
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