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A Memorandum of Understanding was been signed between Heavy Engineering Corporation Limited, Ranchi (HEC)
and HMT Machine Tools Ltd. on 09.04.2010 at New Delhi. Shri G.K. Pillai, CMD, HEC and Shri A.V. Kamat,
Chairman, HMT, Machine Tools Ltd. signed the MOU in the presence of Shri Vilasrao Deshmukh, Union Minister
for Heavy Industries and Public Enterprises. Also present on this occasion were Shri B.S.Meena, Secretary,
Heavy Industries, Shri Harbhajan Singh, Joint Secretary, Heavy Industries, Shri Hemchandra Babu, MD, HMT-MTL
and Shri S.K. Chaudhary, Director (Production), HEC.
Joining together of HEC and HMT-MTL will make it, the largest Machine Tools manufacturer in the Country
with the capability to design, manufacture and supply a wide range of machine tools and offer total
solution to customers, from smallest to largest machine tools from a single source. There will be a
geographic expansion of market and increase in breadth and depth of product line. It will help in
achieving a better position to face competition both at Domestic and International level and also
to improve the export business. It will establish HEC Ltd as one of the world’s premier company in
the machine tools field.
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