Friday, Sep 29, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Meils Drillmec To Invest Euro 35 Million In Italy

MEIL’s Drillmec to invest Euro 35 million in Italy

Hyderabad: Oil and gas sector player Drillmec, which is part of Indian infrastructure giant MEIL Group, announced that its board of directors had approved an investment plan for over Euro 35 million (about Rs 295 crore) in the energy segment in Italy. This includes production of hydrogen, construction of carbondioxide capture and storage systems and […]

By Telangana Today
Updated On - 06:04 PM, Fri - 1 April 22
MEIL’s Drillmec to invest Euro 35 million in Italy
Land Drilling rig (Source: Drillmec website)
whatsapp facebook twitter telegram

Hyderabad: Oil and gas sector player Drillmec, which is part of Indian infrastructure giant MEIL Group, announced that its board of directors had approved an investment plan for over Euro 35 million (about Rs 295 crore) in the energy segment in Italy. This includes production of hydrogen, construction of carbondioxide capture and storage systems and geothermal energy.

In this context, Drillmec has launched the company Idrogena, a startup dedicated to the development and industrial production of a pyrolytic converter for the production of hydrogen. “We are pleased to announce this new initiative in our country,” said Simone Trevisani, CEO of Drillmec SpA.

With the converter, production of hydrogen can take place at destination in a capillary manner that reduces transport costs. It will be safe to use with minimal training and will be powered by renewable energy, a release said.

Drillmec is an original equipment manufacturer for land-based drilling rigs. In January, it announced the establishment of its global manufacturing hub in Telangana with a proposed investment of $200 million (about Rs 1,500 crore). It will create employment opportunities to about 2,500 people.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • Drillmec
  • energy segment
  • Italy
  • MEIL

Related News

  • Italy’s Premier signs deal with industry to lower prices of essential goods

    Italy’s Premier signs deal with industry to lower prices of essential goods

  • Wildfires in Sicily Claim Two Lives, Prompting Evacuations of Hundreds

    Wildfires in Sicily Claim Two Lives, Prompting Evacuations of Hundreds

  • Liam Payne discharged, Kate Cassidy updates on his improved health

    Liam Payne discharged, Kate Cassidy updates on his improved health

  • Italian air force aircraft crashes during an acrobatic exercise, 5-year-old girl dies

    Italian air force aircraft crashes during an acrobatic exercise, 5-year-old girl dies

  • Cyprus holds military drill with France, Italy and Greece to bolster security in east Mediterranean

    Cyprus holds military drill with France, Italy and Greece to bolster security in east Mediterranean

  • Chinese Premier Li meets Italian counterpart on G20 summit sidelines amid Italy’s plans to pull out of BRI

    Chinese Premier Li meets Italian counterpart on G20 summit sidelines amid Italy’s plans to pull out of BRI

Latest News

  • Manipur: Situation in Imphal valley calm but tense, curfew relaxed

    1 min ago
  • Brazil’s President Lula set to undergo hip replacement surgery

    11 mins ago
  • Hyderabad: Teenage boy dies in tragic Ganesh idol immersion accident

    1 min ago
  • Biden warns of dangerous threats to US democracy

    16 mins ago
  • Punjab farmers continue three-day “rail roko” agitation over MSP, flood compensation demands

    21 mins ago
  • Advent International to invest Rs.16,650 crore in Telangana

    21 mins ago
  • Pregnant woman set on fire by family in Uttar Pradesh

    27 mins ago
  • Haryana imposes ban on hookah in pubs, restaurants, hotels

    31 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam