Financial Daily from THE HINDU group of publications
Monday, May 12, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - PSU


Keltec bags Rs 3-cr order from BARC

Our Bureau

THIRUVANANTHAPURAM, May 11

THE State-owned Kerala Hitech Industries Ltd (Keltec) has bagged orders worth Rs 3 crore from Bhabha Atomic Research Centre (BARC) for supply of ten "three-piece manipulators".

Keltec, which developed the manipulator, had earlier supplied two such devices to BARC.

The company, which is engaged in the development and manufacture of various sophisticated and precision hardware for space and defence purposes, has played a significant role in the successful launch of GSLV-D2, according to Mr Johnson Peter, Managing Director.

Keltec developed and supplied the Vikas engine, propellant tank, thermal shrouds, protection plates and control system components for GSLV-D2, he said.

Besides, it supplied hardware to Defence Research and Development Organisation (DRDO) for its latest air-to-air missile, namely Astra to be used in the light combat aircraft "Tejas".

Mr Peter said the company, which had been in the red due to mounting liabilities since inception, was making a strong turnaround. It achieved an all-time high production of Rs 10.08 crore in 2002-03 and made a profit of around Rs 1.5 crore.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Kerala plans trials of prisoners through video-conferencing


`Healthcare spending may cross Rs 2,00,000-cr mark'
Keltec bags Rs 3-cr order from BARC
TN Govt dividend return down: CAG
`Tax collection procedures should be simplified'
CAS may face hurdles: Study
Quo Vadis, Queen Mary's College
Talks under way with major players — Bengal set to make big strides in food processing
Overseas rejection risk cover for perishable exports
CII hails restoration of service tax exemption
CII chalks growth agenda for Maharashtra
Panel calls for steps to boost textile exports
Tax exemption extended on bitumen in Kerala
SCI: Looking abroad for takers — But is a global roadshow necessary?
SCI buyer to reap benefit of new acquisitions
Despite being on the chopping block, HNL plans turnaround
Hyderabad Engagements
Stretching a season
Goa keen on luring Gulf tourists


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line