Capacity Augmentation of Brahmos Aerospace Industrial Unit
Kerala Hitech Industries (Keltec), a State Government unit went through financial crisis and was under BIFR, when BrahMos Aerospace took over the Company in December 2007. The Company has been revived and is functioning with current year order booking of Rs.150Crore.
The annual turnover of the Company is steadily progressing and has crossed Rs.60 Crore in the last three years.
Investment have been made "by Indian Space Research Organisation (ISRO) and Defence Research and Development Organisation (DRDO). Twenty-five High precision machines have been added, and a new Complex is being constructed in the adjacent Air Force land under the aegis of Defence Ministry.
This information was given by Defence Minister Shri AK Antony in a written reply to Shri K.N. Balagopal in Rajya Sabha today.
PK/NN