Praga Tools Limited is an Indian company headquartered at Kavadiguda,

Secunderabad Secunderabad () is a twin cities, twin city of Hyderabad and one of the six zones of the Greater Hyderabad Municipal Corporation (GHMC) in the States and union territories of India, Indian state of Telangana. It is the headquarters of the South ...

Telangana Telangana is a States and union territories of India, state in India situated in the Southern India, south-central part of the Indian subcontinent on the high Deccan Plateau. It is the List of states and union territories of India by area, ele ...

. It was mainly involved in manufacture of machine tools including CNC machines. It is one of the Defence Public Sector Undertakings.

History

The company was established in May 1943 as Praga Tools Corporation Limited. In 1960-61, the Praga Tools Corporation had a rise in machine tools' output from Rs. 8 lacs to Rs. 48.32 lakhs. It was renamed as Praga Tools Limited in 1963 and was transferred to the

Ministry of Defence A ministry of defence or defense (see American and British English spelling differences#-ce.2C -se, spelling differences), also known as a department of defence or defense, is the part of a government responsible for matters of defence and Mi ...

in 1963.

HMT Limited HMT Limited, formerly Hindustan Machine Tools Limited, is an Indian state-owned electronics company under the control of the Ministry of Heavy Industries, Government of India. It was founded in 1953 as a machine tool manufacturing company, div ...

took over Praga Tools Limited as one of its subsidiaries in 1986. During 1995-1996, the company got

ISO 9001 The ISO 9000 family is a set of international standards for quality management systems. It was developed in March 1987 by International Organization for Standardization. The goal of these standards is to help organizations ensure that they meet ...

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. 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 Quthbullapur is a Town in Hyderabad in the Medchal-Malkajgiri district of the Indian state of Telangana. It is the mandal headquarters of Quthbullapur mandal in Malkajgiri revenue division. The mandal was a part of Ranga Reddy district before ...

References

External links

Praga Division, HMT
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 {{India-company-stub