: Medha Servo Drives,a Hyderabad-based diversified firm, on Thursday laid the foundation for setting up a rail coach factory in Telangana at an investment of Rs 1,000 crore. Medha Group had signed the Memorandum of Understanding (MoU) with Telangana State Industrial Infrastructure Corporation (TSIIC) in 2017 while the land was allotted last year. About 100 acres of land has been allocated through TSIIC at Kondakal to Medha Servo Drives Rail/Metro Coach Factory. HYDERABAD: Telangana minister for industries KT Rama Rao laid the foundation stone for Medha Servo Rail Coach Factory in Ranga Reddy district on Thursday. Coming up over 100 acres, it will be India’s largest private rail coach factory and will be capable of manufacturing coaches, locomotives, metro trains and monorail. HYDERABAD: KT Rama Rao, Telangana minister for Industries and IT, laid the foundation stone for the Medha Servo Rail Coach Factory in Shankarpally, Ranga Reddy district, on Thursday. Medha Servo Drives sets up rail coach factory in Telangana Speaking at the ceremony, Rama Rao said Chief Minister K Chandrashekhar Rao-led governments pro-active approach and conducive policies have encouraged Medha Group to establish its world-class rail coach factory. It now has consolidated revenues of Rs 2,100 crore and 3,500 employees. Medha Servo Drives' Managing Director Khashyap Reddy said with proximity to Hyderabad and access to railway tracks, the company had an ideal location for the plant. KTR, as the minister is popularly known, said Medha was making Telangana proud by not only emerging as India's largest private rail coach maker but also a global player. Coming up over 100 acres, it will be India’s largest private rail coach factory and will be capable of manufacturing coaches, locomotives, metro trains and monorail. Telangana will soon have a Rail, Metro Coach Factory set up in the borders of Sangareddy and Rangareddy district. Being set up by Medha Group with an investment of Rs 1,000 crore, the coach factory will have a production capacity of 500 coaches and 50 locomotives per year. Reddy said with 600 engineers at its R&D centre at Cherlapally near Hyderabad, Medha had the capability to design the best world-class products for India and also bid for the private investment opportunities in Indian Railways. Medha will work with Telangana Academy for Skill and Knowledge to train the required manpower for the upcoming factory. Medha Servo Drives which is the largest Propulsion equipment supplier to Indian Railways will be setting up Rail/Metro Coach Factory with an estimated investment of Rs. Telangana's Industries Minister K. T. Rama Rao on Thursday laid the foundation stone for Medha Rail Coach Factory at Kondakal near Hyderabad. He said Medha, which made a modest beginning in 1984, had now grown into a group of 12 companies. It is the largest propulsion equipment supplier to Indian Railways and also the largest traction motor manufacturer and largest supplier of signalling equipment to the national transporter. Medha invests Rs 1,000 crore, sets up rail coach factory in Telangana A Hyderabad-based diversified firm, Medha Servo Drives laid the foundation for setting up a rail coach factory in Telangana at an investment of Rs 1,000 crore (US$ 141.86 million). He said the large suppliers' base to be developed by the factory was expected to generate 1,200 indirect jobs. "Over the next 4-6 years, we will invest about Rs 1,000 crore to create state of the art infrastructure which will employ 1,000 plus people to deliver high quality trains from this factory," he said. Please Report It! Copyright Suni Systems (P) Ltd, 2000 - 2020. Rail and Metro coach manufacturing coach factory has going to be start in kondakal in telangana State soon, it will take 2 years to complete the project. Telangana has signed a memorandum of understanding (MoU) with Medha … It is spread over 100 acres and is being constructed with a budget of Rs … 800 Crores. (adsbygoogle = window.adsbygoogle || []).push({}); Find any Critical Errors? The factory … Hyderabad: Industries and Information Technology Minister K T Rama Rao has urged the union government to keep its word given to the new born State of Telangana and set up a railway coach factory in public sector at Kazipet. He recalled that at the time of formation of Telangana state, the Centre had promised a rail coach factory in public sector at Kazipet but even after six years, no step was taken. Coming up over 100 acres, it will be India's largest private rail coach factory and will be capable of manufacturing coaches, locomotives, metro trains and monorail. The group, which had a turnover of Rs 25 crore in 2005, saw tremendous growth over the last 15 years. Hyderabad: Medha Servo Drives, which designs and manufactures high-tech electronics for locomotives, is setting up a railway coach factory at Kondakal near Hyderabad in Telangana, involving an investment of Rs 1,000 crore. It has two subsidiaries each in Europe and the US, one in South America and four joint ventures in India. All Rights Reserved. Hyderabad: Telangana's Industries Minister K. T. Rama Rao on Thursday laid the foundation stone for Medha Rail Coach Factory at Kondakal near Hyderabad. Hyderabad: Hyderabad will soon have India’s largest rail coach factory for its private sector.Telangana’s IT and Industries Minister KT Rama Rao laid the foundation for 1,000 cr Medha Rail Coach Factory project Kondakal Village in the Ranga Reddy District on Thursday. HYDERABAD: Telangana Municipal Administration and Urban Development (MAUD) minister KT Rama Rao laid the foundation stone for Medha Servo Rail Coach Factory in Rangareddy district on Thursday, August 13. Minister for Industries KT Rama Rao telangana. Hyderabad, Aug 13 (PTI): Medha Servo Drives,a Hyderabad-based diversified firm, on Thursday laid the foundation for setting up a rail coach factory in Telangana … Reddy also revealed that the company was in talks with a reputed European train builder to be part of the project. Hyderabad, Aug 13 : Telangana’s Industries Minister K. T. Rama Rao on Thursday laid the foundation stone for Medha Rail Coach Factory at Kondakal near Hyderabad. He pointed out that most of the equipment including propulsion systems of the Vande Bharat express train launched last year between New Delhi and Varanasi had come from Medha. Medha Group has initiated works on setting up a rail coach factory with an investment of ₹1,000 crore in Telanagna. 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