India s first indigenous hydraulic rigs by MEIL ANI | Updated: Apr 07, 2021 14:41 IST
Hyderabad (Telangana) [India], April 7 (ANI/PRNewswire): Megha Engineering and Infrastructures Limited (MEIL) achieved another milestone by manufacturing rigs for the oil and gas sector with indigenous know-how.
The rigs designed with advanced hydraulic technology began operations in the Kalol oil field near Ahmedabad, Gujarat, on Wednesday (07.04.2021), P. Rajesh Reddy, Vice-President, MEIL, said.
These rigs made with 1500 HP capacity can easily drill oil wells to a depth of 4000 meters (4 kilometres) from the surface. These rigs can work for the next 40 years. MEIL has taken up this rig manufacturing as part of the Government of India s Make in India initiative.
MEIL deploys indigenously developed hydraulic rigs in Kalol Oil fields
April 07, 2021
It is part of the ₹6,000 crore order for 47 drilling rigs
Megha Engineering and Infrastructures Limited (MEIL), which has indigenously developed and manufactured rigs for the oil and gas sector, has deployed it’s first of the 47 rigs in Kalol Oil field near Ahmedabad.
P Rajesh Reddy, Vice-President of MEIL, in a statement said, “These rigs made with 1,500 HP capacity motor can drill oil wells to a depth of 4,000 meters (4 kilometers). These rigs can work for the next 40 years. MEIL has taken up the manufacture of rigs as part of the Government’s Make in India initiative. The first rig has commenced drilling at the Kalol oil field. It drills oil wells faster and operates with minimal power and manufactured with state-of-the-art hydraulic and automated technology.”
Megha Engineering s first Make in India oil rig begins operation
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Last Updated: Apr 07, 2021, 02:30 PM IST
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MEIL is the first company in private sector to manufacture and use rigs used in oil and fuel extraction with advanced technology, a company statement said. As part of the Centre s Make in India programme, MEIL has manufactured these rigs for the first time in the country, it added.
Megha Engineering & Infrastructures Ltd (MEIL) on Wednesday said its first indigenously-made oil drilling rig has started operation at Kalol oil fields in Ahmedabad, Gujarat.
The rig, which became operational on Wednesday, is part of an order worth Rs 6,000 crore for 47 drilling rigs.
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Interups Inc picks up 49% stake in Trujet
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‘Hyderabad-based regional airline Trujet on Thursday announced 49% foreign direct investment from New York-based Interups Inc in a move that would aid in the expansion of its operations.
“The funds raised through 49% FDI in the company will be utilised to expand operations pan India and explore newer opportunities in the civil aviation sector, “ said K.V. Pradeep, group director, MEIL (Megha Engineering and Infrastructures Limited) and Palepu Lakshmi Prasad, chairman of Interups Inc., in a joint statement.
The funding would be decided at a later stage.
Trujet is a regional air carrier promoted by Turbo Megha Airways Pvt. Ltd. It has seven planes and serves almost 21 destinations across India, including those awarded to it under the government’s regional connectivity scheme.