Praga Tools
17°25′25.9″N 78°29′42.3″E / 17.423861°N 78.495083°E
Praga Tools Limited is an Indian company headquartered at Kavadiguda, Secunderabad, Telangana.[1] It is mainly involved in manufacture of machine tools including CNC machines. It is one of the Defense Public Sector Undertakings.[2][3]
 | |
| Company type | Public Sector Undertaking |
|---|---|
| Industry | Engineering |
| Founded | 1943 |
| Headquarters | Secunderabad, |
| Products | Machine Tools |
| Website | Praga Division, HMT |
History
[edit]The company was established in May 1943 as Praga Tools Corporation Limited.[4] In 1960-61, the Praga Tools Corporation had a rise in machine tools' output from Rs. 8 lacs to Rs. 48.32 lakhs.[5]
It was renamed as Praga Tools Limited in 1963 and was transferred to the Ministry of Defence in 1963. HMT Limited took over Praga Tools Limited as one of its subsidiaries in 1986.[6]
During 1995-1996, the company got ISO 9001 accreditation. During 2005-2006, the company had a turnover of 11.48 crores as compared to 12.76 crores during 2004-2005. In 2013-2014, 182 crore rehabilitation package was approved by Board for Reconstruction of Public Sector Enterprises.[7][8]
References
[edit]- ^ International Commerce. Bureau of International Commerce. 1965.
- ^ General Knowlege on India. Sura Books. ISBN 978-81-7254-145-3.
- ^ Hoyt, Timothy D. (27 September 2006). Military Industry and Regional Defense Policy: India, Iraq and Israel. Routledge. ISBN 978-1-135-76518-7.
- ^ Subrahmanya, M. H. Bala (18 January 2021). Entrepreneurial Ecosystems for Tech Start-ups in India: Evolution, Structure and Role. Walter de Gruyter GmbH & Co KG. ISBN 978-3-11-067943-4.
- ^ Civic Affairs. P. C. Kapoor at the Citizen Press. 1961.
- ^ "Business Financial, Economy, Market, Stock - News & Updates".
- ^ R, SRINIVASAN (1 September 2018). CASE STUDIES IN MARKETING, SEVENTH EDITION: THE INDIAN CONTEXT. PHI Learning Pvt. Ltd. ISBN 978-93-87472-32-7.
- ^ SRINIVASAN, R. (1 October 2014). STRATEGIC MANAGEMENT: THE INDIAN CONTEXT. PHI Learning Pvt. Ltd. ISBN 978-81-203-5030-4.
External links
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- Government-owned companies of India
- Machine tool builders
- Economy of Secunderabad
- Manufacturing companies established in 1943
- Defunct manufacturing companies of India
- Manufacturing companies disestablished in 2015
- Indian companies disestablished in 2015
- Indian companies established in 1943
- Establishments in Hyderabad State
- Indian company stubs