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Monday, May 12, 2003

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Keltec bags Rs 3-cr order from BARC

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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.

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