Drillmec bags oil rig orders from Oil India and ONGC

19 Aug 2022 CW Team

Drillmec India, part of the $4 billion Hyderabad-based Megha Engineering & Infrastructures (MEIL) group, has achieved an oil rig order book of $1.5 billion with new rig orders from Oil India and ONGC.

The $1.57 billion order book was achieved on the basis of orders from Oil India amounting to $143 million for five land based oil drilling rigs at a per unit price of $28 million per rig. MEIL already has an $860 million order from ONGC in addition to orders for ancillary equipment, spares and components. At current revenue pipeline, Drillmec is likely to cross annual revenues of $216 million in India while global revenues could clock $500 million.

DrillMec India’s outstanding orders as on July 31, 2022 stands at 54 rigs and at an order value $1.57 billion including $300 million for FY 2022-23, followed by current booked order value of $800 million order value in 2023-24 and of $500 million in FY2024-25 as expected delivery spread, the company said in a statement.

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Driving Infrastructure Forward with Trustworthy AI

At its Year in Infrastructure 2025 conference in Amsterdam, Bentley Systems reaffirmed its vision for trustworthy AI and connected digital ecosystems shaping the future of infrastructure engineering. The company unveiled AI-powered design applications and Bentley Infrastructure Cloud Connect, a unifying platform connecting data, workflows and professionals across the project lifecycle.“AI is poised to transform infrastructure,” said Nicholas Cumins, CEO, Bentley Systems. “At Bentley, our vision is for AI to empower engineers – not replace them. Trustworthy AI, built on infrastruct..