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KOCHI: Public Sector Hindustan Machine Tools Limited (HMT) is gearing upto undertake manufacture of weapons and ammunitionlike rifles, missiles components and shells as part of its diversification plans. "We are in advanced stage of discussions with institutions like Defence Research and DevelopmentOrganization (DRDO). They have developed the technologies for manufacturing such items, and we have the capacity to manufacture them,'' M D Sreekumar, HMT's managing director told TOI.Sreekumar said DRDO passes on technologies to industries through an opentendering process. "So far we did not have the qualifications to participatein the tender. After the discussions DRDO will permit us to participate in the tender. And we are confident that we have theexpertise to absorb the technologies,'' he said. Theweapon manufacturing assignments would be mainly carried out in the Kochi (Kalamassery), Bangalore and Hyderabad units.
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"We can only grow arithmetically if we confine ourselves to machine toolssector. But to grow in geometric proportions we need to think out of the box and diversify into multiple sectors,'' he said.
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HMT was also planning to enter into the manufacture of critical components in the nuclear industry like centrifuges and manipulators. We are also in talks with some leading global players in the machine tool industry to form joint ventures for technology transfer and manufacture of high-tech machine tools in the country. We are confident of inking at least three MoUs with firms from Japan, Korea and France before the end of the current year,'' Sreekumar said.
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He said HMT is on a recovery path after its recent past of loss-making''Our order book is full thisyear, with orders worth Rs260 crore. Out of this Rs 90 crore is from the defence sector. We expectorders for another 200 crore before the end of next March,'' Sreekumar said.
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Sreekumar, who was on his first visit to the Kalamassery unit of the HMT on Thursday after assuming charge as MD, handed over the SBCNC-80 lathe machine to the Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram. VSSCdirector P S Veeraraghavan who received the machine said this would be highly useful for undertaking lathe works on components required for PSLV. HMT is the only Indian company capable of producing Computer Numerically Controlled (CNC) Lathe machines which can handle such large sized components.
_
KOCHI: Public Sector Hindustan Machine Tools Limited (HMT) is gearing upto undertake manufacture of weapons and ammunitionlike rifles, missiles components and shells as part of its diversification plans. "We are in advanced stage of discussions with institutions like Defence Research and DevelopmentOrganization (DRDO). They have developed the technologies for manufacturing such items, and we have the capacity to manufacture them,'' M D Sreekumar, HMT's managing director told TOI.Sreekumar said DRDO passes on technologies to industries through an opentendering process. "So far we did not have the qualifications to participatein the tender. After the discussions DRDO will permit us to participate in the tender. And we are confident that we have theexpertise to absorb the technologies,'' he said. Theweapon manufacturing assignments would be mainly carried out in the Kochi (Kalamassery), Bangalore and Hyderabad units.
~
"We can only grow arithmetically if we confine ourselves to machine toolssector. But to grow in geometric proportions we need to think out of the box and diversify into multiple sectors,'' he said.
~
HMT was also planning to enter into the manufacture of critical components in the nuclear industry like centrifuges and manipulators. We are also in talks with some leading global players in the machine tool industry to form joint ventures for technology transfer and manufacture of high-tech machine tools in the country. We are confident of inking at least three MoUs with firms from Japan, Korea and France before the end of the current year,'' Sreekumar said.
~
He said HMT is on a recovery path after its recent past of loss-making''Our order book is full thisyear, with orders worth Rs260 crore. Out of this Rs 90 crore is from the defence sector. We expectorders for another 200 crore before the end of next March,'' Sreekumar said.
~
Sreekumar, who was on his first visit to the Kalamassery unit of the HMT on Thursday after assuming charge as MD, handed over the SBCNC-80 lathe machine to the Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram. VSSCdirector P S Veeraraghavan who received the machine said this would be highly useful for undertaking lathe works on components required for PSLV. HMT is the only Indian company capable of producing Computer Numerically Controlled (CNC) Lathe machines which can handle such large sized components.
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