Telangana's Rs 800 cr private rail coach factory to generate 2,000 jobs

Telangana government has allotted 100-acre land for an upcoming rail and metro coach factory proposed to be set up by Hyderabad-based Medha Servo Drives Private Limited. The company proposes to invest Rs 800 crore in the factory, which is expected to create 2,000 direct and indirect employment.

A group of five subsidiaries with an annual turnover of Rs 1,000 crore, this home-grown company is the largest propulsion equipment supplier to Indian Railways for use in a variety of locomotive units. Medha has involved in the Kolkata Metrorail project for new design of train and car body manufacturing. It is currently working