• search

HMT signs MoU with Govt of India for 2007-08

Written by: Staff

Bangalore, Mar 27: State owned HMT today signed a Memorandum of Understanding (MoU) with the Government of India on performance targets for the year 2007-08 with the turnover targeted at Rs 899 crore for the entire group.

HMT in a release here said that the growth was expected to be 24 per cent more than the current fiscal as per the MoU.

The target for individual companies in the group were HMT Ltd Rs 328 crore, HMT Machine Tools Rs 368 crore, HMT Watches Rs 105 crore, HMT Chinar Watches Rs Six Crore, HMT Bearings Rs 50 crore and HMT (International) Rs 42 crore.

The MoU was signed by HMT Chairman A V Kamat and Dr R C Panda, Secretary, Ministry of Heavy Industries and Public Sector Enterprises.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more