HMT Ltd - HMT Share Price

Summary

HMT Ltd. main business portfolios included product range of Food Processing Machines. The Company is engaged in manufacturing and selling of tractors and food processing machines, which include machine tools, watches, tractors, bearings and exports.The Companys products include printing machine, bearings, food processing machine, machine tools, watches and tractors. They have five subsidiaries namely HMT Machine Tools Ltd, HMT Watches Ltd, HMT Chinar Watches Ltd, HMT (International) Ltd and HMT Bearings Ltd.HMT Ltd was incorporated in February, 1953 by the Government of India as a Machine Tool Manufacturing Company with the name Hindustan Machine Tools Ltd. The Company was formed with the objective of producing a limited range of machine tools, required for building an industrial edifice for the country. Prior to these, it diversified into Watches, Tractors, Printing Machinery, Metal Forming Presses, Die Casting & Plastic Processing Machinery, CNC Systems & Bearings. In 1960s, the Company set up new units at Pinjore, Kalamassery and Hyderabad. In 1970s, they set up HMT International Ltd as a subsidiary company to channel HMTs products and technical services abroad. They set up two units for manufacture of watches, one at Srinagar and another at Tumkur. Also, they took over Machine Tool Corporation at Ajmer as their sixth machine tool unit. In May 13, 1977, the company was converted into a public limited company and in September 12, 1978, the name of the company was changed... Read More