HYDERABAD: Infra major
Megha Engineering and Infrastructures Limited
(MEIL) is foraying into the defence equipment manufacturing sector. The company plans to pump in an investment of Rs 500 crore in setting up a defence equipment manufacturing facility, in phases, in Hyderabad.
The company plans to 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) missiles in addition to ancillaries for combat vehicles, light combat vehicles, armoured engineering and recovery vehicles, among others.
The unit will also manufacture missiles, multi-barrel
, machine guns, rockets, among others.
The privately-held Hyderabad-based company said it has received approvals from the
Union home affairs ministry
as well as the Union ministry of commerce and industry to establish a manufacturing facility at Jeedimetla, Hyderabad.
“With the necessary approvals in place, Megha group is setting up most modern manufacturing facilities to produce various cutting-edge defence equipment indigenously at our upcoming new facility at Hyderabad,” said MEIL president
The company had sought permission under the defence procurement policy to manufacture weapons, vehicles, ancillaries and arms under the Make in India initiative.
MEIL said its group company IComm Tele Limited is already engaged in defence electronics and communications development and is supplying advanced communication radios, jammers, EW shelters, antennas,
containers, wind profiles and radars.