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HMT News

27 Oct 2016

Govt approves shutting down of HMT tractor unit, pay employees' outstanding dues

Union Cabinet on Thursday approved closure of loss-making tractor division of HMT at Pinjore, while sanctioning Rs 718.72 crore for payment of outstanding salaries and other dues at the public sector entity.

04 Mar 2016

HMT shares soar nearly 15% on revival plan

Shares of HMT zoomed nearly 15 percent today after reports said that the government was targeting revival of HMT Machine Tools

06 Jan 2016

Closure of 3 HMT companies: Key things you should know

The government had decided to close the loss-making subsidiaries in December 2014 and later merge the remaining - HMT Machine Tools and HMT International - for `Make in India` programme.

06 Jan 2016

Time draws to end for three HMT companies, veterans bemoan closure

The government on Wednesday approved closure of three Hindustan Machine Tools (HMT) companies - HMT Watches, HMT Chinar Watches and HMT Bearings, ending the era of the once "Timekeeper of the Nation".

07 Oct 2015

HMT shares zoom over 19% on pact with German firm

Shares of engineering firm HMT on Wednesday soared over 19 percent after the company signed a pact with German firm Fraunhofer for technology upgradation.

10 Aug 2015

HMT post Rs 25.22 crore losses in Q1

In a filing to the Bombay Stock Exchange, the company said its total income from operations also declined to Rs.10.53 crore in the quarter as compared to Rs.13.03 crore in the same period last fiscal, a fall of 19.18 percent.

18 Dec 2014

'VRS proposal in 3 HMT Cos awaiting CCEA approval'

There are 17 HMT units in India and all the units are in operation and none of them are closed.

05 Dec 2014

Sebi finds 22 PSUs violating norms; SBI files for settlement

Others include SAIL, ITDC, HMT, Shipping Corporation, NTPC, NHPC, STC, Nalco, EIL, REC and Neyveli Lignite.

23 Sep 2014

HMT submits voluntary retirement/separation scheme to govt

State-run watch and tractor maker HMT, which has been incurring losses since last 15 years, has submitted a voluntary retirement/voluntary separation scheme to downsize its manpower to the government.

11 Sep 2014

Good times over for HMT Watches, production comes to an end

The government has decided to wind up the watch company as it is reeling under losses since 2000.

08 Aug 2014

SAIL, BHEL, HMT identified to takeover three sick PSUs

Government has identified three sick PSUs which will be either merged or taken over by SAIL, BHEL and HMT.

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