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11 sick PSUs gets Rs 116 cr for payment of wages, other dues

Last Updated: Thursday, December 26, 2013, 14:34

The government on Thursday provided Rs 116.86 crore to eleven sick public sector units (PSUs) including HMT Machine Tools towards payment of wages and other dues.

43 CPSEs incurring losses for 3 years: Patel

Last Updated: Thursday, August 29, 2013, 17:42

As many as 43 Central Public Sector Enterprises (CPSEs) including Air India, MTNL, BSNL and HMT Ltd have been incurring losses for the last three years, Parliament was informed today.

Employees of 10 sick PSUs to get six months’ salary till March

Last Updated: Tuesday, August 13, 2013, 23:56

The revival/closure plans of Hindustan Cables Limited, Triveni Structurals, HMT (Watches), HMT (Chinar Watches) and Hindustan Photo Films Limited are yet to be finalised, it said.

Eight sick PSUs not paid wages to staff since Oct 2012: Patel

Last Updated: Thursday, May 02, 2013, 23:27

Eight sick Public Sector Units (PSUs), including HMT Watches and Hindustan Cables Ltd, have not paid salaries to their employees since October 2012, Parliament was informed today.

Govt approves Rs 1,083 cr revival plan for HMT

Last Updated: Thursday, April 18, 2013, 21:34

The government Thursday approved the Rs 1,083-crore revival package for watch and tractor maker HMT that aims to modernise the company and help it turn around in five years.

HMT Ltd, Hindustan Cables to be revived soon: DPE Secy

Last Updated: Tuesday, February 12, 2013, 19:12

The Board for Reconstruction of Public Sector Enterprises (BRPSE) has recommended revival of these ailing public sector units.

Court asks HMT to pay over Rs 3.38 crore damages to LIC

Last Updated: Thursday, September 27, 2012, 14:03

A Delhi court has asked HMT Ltd to pay over Rs 3.38 crore damages to LIC for delay in vacating its rented premises in high-security Lutyens Zone.

HMT shares surge 15% on revival package

Last Updated: Monday, April 09, 2012, 13:42

Shares of HMT on Monday soared by nearly 15 percent on the bourses after the Board for Reconstruction of Public Sector Enterprises (BRPSE) recommended a Rs 950 crore revival package for the company.

Revival plan for ailing HMT

Last Updated: Thursday, December 15, 2011, 18:25

The government on Thursday said a revival plan has been formulated for the ailing Hindustan Machine Tools (HMT).

Parl approval being sought for disinvestment of HMT Bearings

Last Updated: Thursday, August 18, 2011, 18:23

The government Thursday said it has initiated the process for obtaining Parliament's approval for disinvesting majority stake, through a strategic partner, in ailing HMT Bearings Ltd.