▷ Drillmec SpA signs Memorandum of Understanding with Government of Telangana, India

01.02.2022 – 09:20

Megha Engineering & Infrastructures Limited (MEIL)

Hyderabad, Indien (ots/PRNewswire)

Drillmec SpA, a subsidiary of the MEIL Group, an international conglomerate based in Hyderabad, plans to set up a global manufacturing center in Hyderabad, Telangana.

Drillmec SpA, one of the world’s leading manufacturers of oil drilling rigs, will invest more than USD 200 million in the new facility, which will include an international production center and the company’s research and development, as well as a state-of-the-art competence center for employee training.

A MoU for the construction of the Drillmec International Hub for the manufacture of oil rigs and ancillary equipment in Telangana was recently signed with the Department of Industry and Commerce of the Government of Telangana.

Simone Trevisani, CEO of Drillmec SpA said: “We are interested in future investments in the hydrogen project in India. After reviewing numerous offers from different countries, we chose Telangana, India as the state has a progressive industrial policy and is investor-friendly. We will ensure that this manufacturing site creates jobs for around 2,500 people.”

Drillmec SpA is a world leader in the design, manufacture and sale of drilling and work-over rigs for onshore and offshore applications, as well as a wide range of drilling equipment spares. Drillmec has a worldwide reputation for reliability. The company has delivered nearly 600 rigs, developed innovative designs and acquired worldwide patents.

Industry Minister KT Ramarao said: “We welcome the location of Drillmec’s manufacturing facility in Hyderabad. We will provide the land and tax incentives as soon as possible. We asked Drillmec to bring the entire drill ecosystem to Telangana.”

Uma Maheshwar Reddy, CEO of Drillmec International, said: “This MOU is the first stage. An international production center will be established in Hyderabad. It will meet the demands of the worldwide market. We already have orders for $1 billion in our order book.”

About Drillmec:

Drillmec is a leading OEM (Original Equipment Manufacturer) for onshore drilling rigs. The portfolio of onshore drilling rigs includes drilling rigs from 60 tonnes (66 short tons) to 907 tonnes (999 short tons) hook load, including conventional rigs with swing or centrifugal drive, mobile rigs, automatic hydraulic rigs, the HH series and unconventional rigs such as the STRIKER 800®. Drillmec’s land-based drilling rigs are capable of operating in harsh climates and environments and can handle customers’ most demanding drilling programs.

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Original content from: Megha Engineering & Infrastructures Limited (MEIL), transmitted by news aktuell


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