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MEIL enters defence weapons production in Telangana

Monday, 15 Jun 2020
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Hyderabad-based Megha Engineering and Infrastructures (MEIL) has forayed into defence weapons manufacturing by setting up a greenfield production facility in Telangana involving an initial capital outlay of Rs 500 crore.

MEIL has obtained approvals to manufacture the weapons and equipment for the defence sector.

The company had sought approvals to produce weapons, vehicles, ancillaries and arms under Defence Procurement Policy 2020, a part of the Make in India initiative, and obtained clearances from the Union Ministry of Home Affairs and Union Ministry of Commerce and Industry to set up a manufacturing facility at Jeedimetla on Hyderabad outskirts.

The proposed facility will take up production of ancillaries to the combat vehicles, light combat vehicles, armoured engineer recovery vehicles, and armoured recovery vehicles.

The production facility will also manufacture soldiers carrying vehicles (APC), infantry combat vehicles (ICV), armed multi-purpose vehicles, mine-laying vehicles, bridge-laying vehicle, all-terrain light combat vehicle (ACTV).

Further, the upcoming facility will also manufacture missiles, multi-barrel rocket launchers, machine guns, rockets, cannons and equipment to missiles.

MEIL is setting up the defence equipment production facility in partnership with foreign technology and original equipment manufacturing (OEM) companies. It will also export its defence equipment going forward.

The foreign companies will also invest in the defence equipment entity to pick up an equity stake at a later stage. The proposed manufacturing facility at Hyderabad will take off in the next 24 months.

Apart from defence electronics and communications technologies, the company is also into power transmission and distribution, solar and oil and gas sectors as an engineering, procurement and construction (EPC) company and currently executing 750 MW solar projects across Tamil Nadu, Andhra Pradesh, Telangana and Punjab.

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