Latest news with #Kaiga
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Business Standard
24-04-2025
- Business
- Business Standard
Megha Engineering wins ₹12,800-cr NPCIL deal for Kaiga nuclear reactors
Megha Engineering & Infrastructures Ltd (MEIL) has received a formal purchase order from the Nuclear Power Corporation of India Ltd (NPCIL) for the construction of two 700 megawatt electric (MWe) nuclear reactors — Kaiga units 5 and 6 — in Karnataka. The contract, valued at ₹12,800 crore, is an engineering, procurement, and construction (EPC) project. This project marks MEIL's debut in the nuclear power segment. In a statement, the Hyderabad-headquartered company said, 'This is the largest-ever order placed by NPCIL.' The order comes almost a year after MEIL emerged as the winner of the contract in June 2024, Mint reported. Selection through QCBS method 'For the first time, NPCIL used the Quality-cum-Cost-Based Selection (QCBS) method for awarding this project — striking a careful balance between quality and cost. Competing with industry giants like BHEL and L&T, MEIL was chosen for its strong technical approach and competitive pricing,' the company noted. MEIL is active across various sectors including power, irrigation, water, defence, transport, hydrocarbons, oil rigs, electric mobility, and compressed gas distribution. On the international front, MEIL secured a $648 million contract in September 2023 to build a crude oil refinery for Mongol Refinery State Owned LLC. Also Read India's energy ambitions The development comes as the Union government is working towards enhancing its nuclear energy capacity as part of its broader clean energy goals. The country aims to reach 500GW of non-fossil fuel energy capacity by 2030. India's current installed nuclear power capacity stands at 8.18GW. According to the Union power ministry's data presented in Parliament in March, plans are underway to triple this capacity by 2032. Around 14.3GW of nuclear capacity is either under implementation or planned, with 7.3 GW already under construction. Meanwhile, the government is also prioritising the development of small modular reactors to overcome challenges related to land availability.
Hans India
24-04-2025
- Business
- Hans India
MEIL bags Rs12,800-cr order from NPCIL
Hyderabad: City-based Megha Engineering & Infrastructure Ltd (MEIL), an infrastructure major, on Wednesday said it has received purchase order for Rs 12,800 crore EPC contract from the Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 MWe nuclear reactors - Kaiga units five and six, in Karnataka. This is the biggest-ever order placed by NPCIL. The order was formally handed over at NPCIL's Mumbai headquarters to P Subbaiah, Director, MEIL (Projects), and his team. According to NPCIL, it has used the Quality-cum-Cost-Based Selection (QCBS) method for the first time for awarding this project. After competing with industry giants like BHEL and L&T, MEIL was chosen for its strong technical approach and competitive pricing, the PSU informed. Speaking on the contract, MEIL said, 'This project goes beyond engineering. It is about contributing to a stronger, self-reliant India. For MEIL, it is a meaningful leap into a sector that plays a key role in powering the nation's growth story.'
Mint
23-04-2025
- Business
- Mint
Nuclear Newcomer: Megha Engineering secures massive ₹12,800-cr NPCIL order
New Delhi: Megha Engineering & Infrastructures Ltd (MEIL) has received the formal purchase order or the letter of approval for a ₹ 12,800 crore engineering, procurement and construction (EPC) contract from the Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 megawatt electric (MWe) nuclear reactors—Kaiga units 5 and 6—in Karnataka. With this, MEIL marks its entry into the nuclear energy space, the Hyderabad-based company said in a statement, adding that this is the largest-ever order placed by NPCIL. It has received the purchase order nearly a year after it bagged the contract in June 2024. "For the first time, NPCIL used the Quality-cum-Cost-Based Selection (QCBS) method for awarding this project—striking a careful balance between quality and cost. Competing with industry giants like BHEL and L&T, MEIL was chosen for its strong technical approach and competitive pricing," it said. MEIL already has a diversified presence across sectors including power, water, hydrocarbons, irrigation, oil rigs, defence, transport, compressed gas distribution and electric mobility. It also has a global presence and in September 2023 it bagged a deal to construct a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC. MEIL's foray into the nuclear power space comes at a time when the Union government is looking at increasing India's nuclear power capacity in line with the ambitious target to install 500GW of non-fossil fuel capacity by 2030.
Mint
23-04-2025
- Business
- Mint
Nuclear Newcomer: Megha Engineering secures massive ₹12,800-cr NPCIL order
New Delhi: Megha Engineering & Infrastructures Ltd (MEIL) has received the formal purchase order or the letter of approval for a ₹ 12,800 crore engineering, procurement and construction (EPC) contract from the Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 megawatt electric (MWe) nuclear reactors—Kaiga units 5 and 6—in Karnataka. With this, MEIL marks its entry into the nuclear energy space, the Hyderabad-based company said in a statement, adding that this is the largest-ever order placed by NPCIL. It has received the purchase order nearly a year after it bagged the contract in June 2024. "For the first time, NPCIL used the Quality-cum-Cost-Based Selection (QCBS) method for awarding this project—striking a careful balance between quality and cost. Competing with industry giants like BHEL and L&T, MEIL was chosen for its strong technical approach and competitive pricing," it said. MEIL already has a diversified presence across sectors including power, water, hydrocarbons, irrigation, oil rigs, defence, transport, compressed gas distribution and electric mobility. It also has a global presence and in September 2023 it bagged a deal to construct a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC. MEIL's foray into the nuclear power space comes at a time when the Union government is looking at increasing India's nuclear power capacity in line with the ambitious target to install 500GW of non-fossil fuel capacity by 2030. Currently, India has an installed nuclear power capacity of 8.18GW and the government aims to triple the capacity by 2032. According to the data provided by the Union power ministry in Parliament in March, about 14.3GW of nuclear energy capacity is in different stages of implementation. About 7.3GW of nuclear power capacity is already under construction. Amid the limited availability of large land parcels, the Centre is now also focusing on developing small modular reactors in the country. First Published: 23 Apr 2025, 10:48 PM IST
