Hyderabad (Telangana): The Telangana Government on Friday allotted 100-acre land for an upcoming rail and metro coach factory, proposed to be set up by Hyderabad-based Medha Servo Drives Private Limited, with an estimated investment of Rs. 800 crores.
Minister for Industries K.T Rama Rao attended MoU signing ceremony with Medha Servo Drives at Hyderabad.
While speaking at the event, KT Rama Rao said, “Though Telangana was promised a Rail Coach Factory within six months of its formation in the Andhra Pradesh State Reorganisation Act 2014, it has never become a reality in spite of frequent appeals to the central government.”
“Today, we are happy to have found a partner, who is ready to set up a Rail/Metro Coach Factory in Telangana. Our state is fast emerging as a manufacturing hub,” he said.
Medha Servo Drives is the largest propulsion equipment supplier to Indian Railways that will be setting up Rail or Metro Coach Factory.
About 100 acres of land has been allocated through TSIIC at Kondakal to Medha Servo Drives Rail/Metro Coach Factory.
Medha will work with Telangana Academy for Skill and Knowledge to train the required manpower for the upcoming factory.
Industries Secretary Jayesh Ranjan, TSIIC MD Venkat Narsimha Reddy, Y Yugandhar Reddy, Chairman, Medha Servo Drives, Y Kashyap Reddy, MD, Medha Servo Drives and N Srinivas Reddy, Executive Director, Medha Servo Drives were among those present at the occasion
Medha Servo Drives Pvt. Ltd. was incorporated in 1984 at Hyderabad, has diversified into Railways in 1990. Medha is a group of five companies, with total employment strength of around 3000 and with a turnover of 1000+ Crores.
Medha is the largest Propulsion equipment (Electronics) supplier to Indian Railways. Medha is the only Indian company which has in-house R&D facilities and developed its products which were otherwise supplied by multinationals like ABB, Alstom, Bombardier, Caterpillar, GE, Hitachi, Mitsubishi, Siemens, Toshiba, etc. By supplying products designed and manufactured by Indian engineers meeting international standards, Medha has become a trusted partner of Indian Railways. Medha, in its ambition to grow internationally, has recently opened its first overseas sales office in Dallas, USA.
Medha supplies propulsion equipment for Diesel Electric Locomotives, Electric Locomotives, Diesel Electric Multiple Units (DEMUs), Electric Multiple Units (EMUs) (Mumbai sub-urban and in near future Hyderabad MMTS) and Metros (like Kolkata Metro).
In Kolkata Metro project, Medha has handheld ICF (Integral Coach Factory, Chennai) for a new design of train and for car body manufacturing. Now Medha is working with ICF to deliver a 160 kmph train design which will be the first trainset capable of running at 160 kmph in Indian Railways. (ANI)