Rs. 1500 Crore (US$ 180 million) DrillMec global manufacturing hub in Kakinada, Telangana for manufacturing Oil Drilling Rigs, ancillary equipment as well as establish an R&D Centre and a Centre of Excellence for the imparting training & skills to the workforce of this sector. This facility, at its full capacity, will employ in excess of 2500 people directly and another 2500 indirectly.
The MEIL’s DrillMec global manufacturing and research facility will cater to both Indian and global energy exploration markets especially in South Asia, South East Asia, MENA and the Indo-Pacific.
On the occasion of India’s 75th Independence Day and in celebration of “Azaadi Ka Amrit Mahotsav”, Mr. P. P. Reddy, Founder & Executive Chairman of MEIL Group dedicated the DrillMec Manufacturing Hub to the nation. Mr. P. P. Reddy also announced the handover of the “First Ever Indigenously built Oil Drilling Rig” to ONGC, from whom MEIL Group had received a Rs. 6000 Crore order for the manufacture & delivery 47 Oil Drilling Rigs- a product to showcase 33 years of commitment by MEIL’s towards Engineering Excellence. To mark his commitment & contribution to India’s Amrit Mahotsav MEIL Founder & Executive Chairman Mr. P. P. Reddy unfurled the flag atop the newly manufactured Oil Drilling Rig, located at the DrillMec factory, heralding India’s presence on the high technology global Oil Rig Manufacturing map.
Speaking on the occasion, Mr. P. P. Reddy, Founder & Executive Chairman of MEIL Group said, “As we mark this special and momentous day of Bharat Ki Azadi Ka Amrit Mahotsav, our 75th independence day, It is with great pride and a sense of privilege to share that MEIL Group dedicates the Drillmec Global Manufacturing hub to the people of India putting India firmly on the global Oil & Energy Exploration equipment manufacturing map. It is part of our vision at MEIL and our commitment to build, elevate & transform India’s infrastructure in alignment to the Make in India program to boost manufacturing.”
“Further, it is our aim and vision, at Megha Engineering & Infrastructures Group, to ensure and provide a superior quality of life to the common man by the continuous improvement of core national infrastructure. It is my strategic vision to make India an R&D, Technology, Manufacturing & Innovation Hub in the Energy Sector giving a platform for realising the dreams an aspiring, ever-evolving and growing Indians. The DrillMec Manufacturing Hub is another milestone in a long and continuing list of contributions to nation building made by the MEIL Group.” Mr. P.P.Reddy added.