New Delhi: Megha Engineering and Infrastructure Limited (MEIL), a prominent engineering company, has secured a groundbreaking contract related to a nuclear project worth ₹12,800 crore. This remarkable achievement positions MEIL as the lowest bidder in the tender issued by the Nuclear Power Corporation of India (NPCIL), marking the highest-value tender ever rolled out by the NPCIL.
The project entails the construction of two 700 MW electrical reactors at Kaiga in Karnataka, representing a significant milestone in India’s pursuit of clean and reliable nuclear energy. The tendering process commenced in May 2023, with the technical bid opening in October 2023. Notably, other major players in the industry, including BHEL and L&T, also participated in the bidding process.
In an official statement, MEIL highlighted its exceptional technical prowess and cost efficiency by submitting the lowest bid of ₹12,799.92 crore. Chaudhary Subaiya, Director at MEIL, emphasized that this contract signifies the company’s strategic entry into the nuclear energy sector and represents a pivotal project for MEIL.
Additionally, Megha Engineering gained attention due to its involvement in electoral bonds. An ET report revealed that the company purchased electoral bonds around the same time it secured significant projects, including the ₹4,500 crore Zojila tunnel project in Jammu and Kashmir. The total value of electoral bonds purchased by MEIL amounted to ₹966 crore, positioning the company as the second-largest electoral bond buyer.
MEIL’s commitment to excellence and innovation has been recognized through this landmark achievement, and the company is excited to contribute to India’s self-reliance in clean energy solutions.
