Latest news with #MeghaEngineering&InfrastructureLtd
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.'
Time of India
23-04-2025
- Business
- Time of India
Megha Engineering receives India's first private sector nuclear power order
Megha Engineering & Infrastructure Ltd. (MEIL) has received a Rs 12,800 crore order from Nuclear Power Corporation of India Limited (NPCIL) to construct two 700 Megawatt (MW) nuclear reactors—Kaiga Units 5 & 6—in Karnataka. Bids were opened in June 2024 with MEIL outbidding peers to emerge as the lowest bidder. Sector watchers said this is the biggest-ever order placed by NPCIL and the first to the private sector. MEIL said this is the company's first step into the nuclear energy sector. NPCIL used the Quality-cum-Cost-Based Selection (QCBS) method for awarding this project. With this, MEIL's presence spreads across power, water, hydrocarbons, irrigation, oil and rigs, defence, transport, compressed gas distribution, electric mobility—and now, nuclear energy.
Hans India
23-04-2025
- Business
- Hans India
MEIL Receives Purchase Order for ₹12,800 Crore Nuclear Power Project from NPCIL
In a significant milestone, Megha Engineering & Infrastructure Ltd. (MEIL) has officially received a Purchase Order for a ₹12,800 crore EPC contract from the Nuclear Power Corporation of India Limited (NPCIL) to construct two 700 MWe nuclear reactors—Kaiga Units 5 & 6—in Karnataka. This marks NPCIL's largest order to date and represents MEIL's inaugural venture into the nuclear energy sector, a crucial area for India's energy future. The formal handover took place at NPCIL's headquarters in Mumbai, where Shri Ch. P. Subbaiah, Director of Projects at MEIL, received the order along with his team. This occasion was not only a professional landmark but also a moment filled with pride, acknowledgment, and a profound sense of responsibility. For the first time, NPCIL employed the Quality-cum-Cost-Based Selection (QCBS) method for this project, effectively balancing quality with cost considerations. In a competitive landscape that included industry leaders such as BHEL and L&T, MEIL was selected for its robust technical proposal and competitive pricing. This initiative transcends mere engineering; it represents a significant contribution to a self-reliant India. For MEIL, this project marks an important entry into a sector that is vital for the country's growth trajectory. MEIL's leadership expressed their unwavering confidence in the team's capability to complete the project on schedule, while upholding the highest standards of safety, quality, and diligence. With a proven history of executing large-scale projects both in India and internationally, MEIL is embracing this new responsibility with a strong sense of purpose and commitment. This foray into nuclear energy not only adds a new chapter to MEIL's journey but also enhances its growing role in building India's infrastructure and energy landscape. About MEIL (Megha Engineering & Infrastructure Ltd.): MEIL is one of India's foremost infrastructure firms, actively engaged across various sectors, including power, water, hydrocarbons, irrigation, oil & rigs, defense, transport, compressed gas distribution, electric mobility, and now, nuclear energy. Renowned for its pragmatic approach, effective execution, and visionary outlook, MEIL consistently contributes to India's infrastructure development.
