HMT is planning to foray into the aerospace sector and manufacture weapons and missile components, to tap the emerging opportunities in the aerospace and defence sector. The company is likely hold discussion with the Defence Ministry in this regard. The company also aims to achieve turnover of Rs 1,000 crore in the next five years.
The company is also keen in associating with the Kochi Metro Rail project. With the availability of sufficient land at Kalamassery, the unit could set up a workshop to repair coaches for Kochi Metro.
