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MEIL’s Subsidiary Drillmec SpA invests $200 million in Oil rig manufacturing hub in Telangana

Drillmec has entered into a memorandum of understanding (MoU) with the Department of Industries and Commerce, Government of Telangana, for the establishment of Drillmec International Hub for manufacturing oil rigs and ancillary equipment in Telangana.
Speaking on this occasion, Telangana Information Technology and Industries Minister KT Rama Rao said, “We feel proud and welcome Drillmec establishes its manufacturing unit in Hyderabad. The State government is committed to making the most industrial progressive state in India.”
“We will hand over the land and fiscal incentives as soon as possible. We are happy to get employment opportunities for the younger generation in the state. We requested Drillmec to bring entire drilling rig ecosystems to Telangana,” Rao said.
Drillmec SpA, a subsidiary company of Megha Engineering & Infrastructures Limited (MEIL) group, a global multisector conglomerate based in Hyderabad, will be establishing its global manufacturing hub in Hyderabad, Telangana.

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