HSS-E Cobalt + Red'X = hardness 65 HRC, to machine steels up to 1000 N/mm², Cast irons up to 200 HB, copper, brass, bronze, aluminium. The Red'X coating = hardness 3500 HV considerably increases the tool life for intensive use, by increasing wear resistance and improving surface finish.
Center drills for threaded spindles are designed to do the following in a single operation :

make the preliminary tap hole

make the tap entrance

do the centering
Main use :
To center or to bore the shafts of electric motors, pumps, speed-reducing gear.