Praga Tools
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Praga Tools Limited is an Indian company headquartered at Kavadiguda, Secunderabad, Telangana.[1] It was mainly involved in manufacture of machine tools including CNC machines. It is one of the Defence Public Sector Undertakings.[2][3]Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".
History
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] Praga Tools after being declared as a sick unit sold the land at Kavadiguda from where it used to operate. Heavy machinery from this location was shifted to its other unit at Qutubullapur.[9]
References
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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