Drillmec SpA has signed a Memorandum of Understanding with the Ministry of Industries and Commerce, Government of 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 the manufacturing of oil rigs and ancillary equipment in Telangana.

Simone TrevisaniCEO of Drillmec SpA, said: “We are interested in future investments in the hydrogen fuel project in India. the Hyderabad the manufacturing center will focus on the manufacture of platforms and accessories. This facility also houses the R&D and training center of excellence. We already have 3 manufacturing plants in Italy, United States (Houston), and Belarus. After looking at many offers from different countries, we chose Telangana, Indiabecause it has a progressive and investor-friendly industrial policy. We will ensure that this manufacturing hub creates job opportunities for around 2,500 people. »

Drillmec SpA is a world leader in the design, manufacture and supply of drilling and workover rigs for onshore and offshore applications as well as a wide range of spare parts for drilling equipment. Drillmec enjoys a worldwide reputation for reliability. This is a reflection of thorough technical development, punctual deliveries and efficient after-sales service.

Drillmec has historically delivered nearly 600 drill rigs. He has developed many innovative designs and acquired patents all over the world. The company, which was incorporated under the laws of Italy having its registered office in Podenzano PC, Italywas acquired by the MEIL group in 2020.

Drillmec SpA and the Department of Industries and Commerce of Telangana Government will launch a Special Purpose Vehicle (SPV) for the establishment of an equipment manufacturing unit.

Speaking on the occasion, Mr. KT Ramarao said, “We are proud and pleased that Drillmec is establishing its manufacturing unit in Hyderabad. The state government is committed to making the most industrial progressive state in the India. We will deliver the land and tax incentives as soon as possible. We are happy to provide employment opportunities to the younger generation in the state. We asked Drillmec to bring entire ecosystems of drilling rigs to Telangana.”

Uma Maheshwar ReddyCEO of Drillmec International, said: “This MoU is the first step towards creating a global manufacturing center in Hyderabad. It will definitely meet the demands of the global market. We already have an order book $1 billion.”

Mr. Simone TrevisaniCEO, Drillmec SpA and Mr. Jayesh RanjanIAS, Principal Secretary of Government, Industries and Commissioner for Industrial Promotion, signed the MoU.

About Drillmec:

Drillmec is a leading OEM (original equipment manufacturer) for land drilling rigs. Its onshore drilling rig portfolio includes drilling rigs in the hook load range of 60 metric tons (66 short tons) to 907 metric tons (999 short tons), including conventional, lifting swivel or slingshot, mobile devices, automatic hydraulic devices, the HH series and unconventional play platforms such as the STRIKER-800®. Drillmec land drilling rigs are designed to operate in harsh climatic conditions and environments and capable of handling customers’ toughest drilling programs.

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Photo: https://mma.prnewswire.com/media/1736813/Drillmec_MoU.jpg

SOURCE Megha Engineering and Infrastructure Ltd (MEIL)


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