September 23, 2017 3:55 PM ET

Machinery

Company Overview of HMT Bearings Ltd.

Company Overview

HMT Bearings Ltd. manufactures and supplies ball and roller bearings. It offers ball, cylindrical roller, and taper roller bearings. The company serves various sectors, including automobiles, tractor manufacturer, commercial vehicles manufacturer, defense, railways, etc. through a network of dealers. HMT Bearings Ltd. was formerly known as Indo-Nippon Precision Bearings Ltd. and changed its name in January 1981. The company was incorporated in 1964 and is based in Hyderabad, India with marketing offices in Chennai, Jamshedpur, Jabalpur, Kolkata, New Delhi, Pune, and Mumbai, India. HMT Bearings Ltd. operates as a subsidiary of HMT Ltd.

Moula Ali

Hyderabad,  500 040

India

Founded in 1964

Phone:

91 40 2705 4121

Fax:

91 40 2724 2737

Key Executives for HMT Bearings Ltd.

Managing Director and Director
Age: 59
Chief Information Officer and Deputy General Manager of MS
Chief Vigilance Officer
Deputy Chief Vigilance Officer
Age: 61
Joint General Manager and Factory Manager
Compensation as of Fiscal Year 2017.

HMT Bearings Ltd. Key Developments

Land, Assets Of 5 Sick PSU Units Put Up For Sale

Land and other immovable assets of five sick public sector units including HMT Watches Limited and Hindustan Cables Limited have been put on sale as the government looks to shut the continuously loss-making units. State-owned construction firm NBCC (India) Limited (NSEI:NBCC) is auctioning the assets, which will be sold only to central and state government organizations. Land parcels and other immovable assets of five central public sector enterprises (CPSEs) -- Hindustan Cables Ltd, Instrumentation Ltd., HMT Bearings Ltd., HMT Watches Ltd and Tungabhadra Steel Products Limited are up for sale, according to information available on the NBCC''s website. NBCC''s Managing Director Anoop Kumar Mittal recently stated: "The government has taken a decision to utilize land parcels of sick PSUs. We are inviting expression of interest (EOIs) from central government departments and CPSEs as well as state government departments and state PSUs to purchase land and other immovable properties of these five companies." These properties are located in nine states -- Delhi, Gujarat, Karnataka, Maharashtra, Rajasthan, Telangana, Uttarakhand, Uttar Pradesh, West Bengal.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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