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HVF was set up in 1965 by the Ordnance Factories Board, Government of India to manufacture heavy battlefield equipment, including Vijayantas and T-72 tanks.
The temporary campus of IIT Hyderabad is located in the residential estate of Ordnance Factory Medak (OFMK) of Ordnance Factories Board at Eddumailaram (Medak District, Andhra Pradesh), about 45 km from the heart of Hyderabad city.
The Ordnance Factory Varangaon of the Ordnance Factories Board which maufactures products for the Indian Armed Forces is located nearby and the Mumbai–Nagpur national highway (NH6), which passes by Varangaon, has turned the village into a town.