The recent MoU will help HMT get an edge over the competitors in its machine business, said the company's CMD S Girish Kumar.
HMT has submitted revival package to the government. In an interview with CNBC-TV18, SG Shridhar, CMD, HMT said the package is under scrutiny and probably will take some time, six-seven months. “It basically consists of investment for our expansion and modernisation of plant,” he added.