Industry Engineering Website [1] Founded 1943 | Products Machine Tools Headquarters Secunderabad Parent organization HMT | |
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Type Public Sector Undertaking | ||
Praga Tools Limited was established in May, 1943 as Praga Tools Corporation Limited to manufacture machine tools with its headquarters at Kavadiguda, Secunderabad, India.
It was renamed as Praga Tools Limited in 1963 and was transferred to the Defence Ministry in 1963. It is mainly involved in manufacture of machine tools including CNC machines. HMT Limited took over Praga Tools Limited as one of its subsidiaries in 1986. and was transferred back to the Industries Ministry. The company was in heavy losses and is under liquidation.
References
Praga Tools Wikipedia(Text) CC BY-SA