TS gets India’s largest private coach factory
KCR has inaugurated the unit set up by Hyd-based Medha Servo Drives
Hyderabad Telangana Chief Minister K Chandrashekhar Rao on Thursday inaugurated India’s largest private rail coach factory built by Medha Servo Drives Pvt Ltd, at Kondakal village, in Ranga Reddy district, near Hyderabad. City-based Medha Servo Drives designs and manufactures complex electrical and electronic railway products.
KCR said Telangana was proud that a home-grown company will be building rail coaches in the State. He expressed happiness over the company bagging mono rail order from Mumbai. As part of the Andhra Pradesh Reorganisation Act-2014, Telangana was promised a Rail Coach Factory within six months of its formation. However, despite repeated appeals by the State government, this did not become a reality.
In 2017, Medha Group had signed the Memorandum of Understanding (MoU) with Telangana State Industrial Infrastructure Corporation (TSIIC) to establish a private rail coach factory. It was on August 13, 2020, that Industries Minister KT Rama Rao had laid the foundation stone for the factory. It was then announced that with an investment of Rs1,000 crore, the private rail coach factory will have a production capacity of 500 coaches and 50 locomotives per year.
Spread over 100 acres, the factory will develop all types of railway rolling stock including coaches, train sets, locomotives, Metro trains and Monorails.
Medha Managing Director Kasyap Reddy said that about Rs400 crore has been invested in the first phase. The proposed investment for the project is Rs805 crore.
He said 558 people have already been employed and an additional 500 people have benefited indirectly. An additional employment of around 1,000 people will be made in the near future. He announced that by the end of this year, total coach manufacturing for monorail project will happen at the facility.
"We have invested Rs400 cr in the first phase. The proposed investment for the project is Rs805 crore. Already 558 people have been employed. 1,000 people more will get jobs"
–Kasyap Reddy, MD, Medha Servo Drives
