Latest news with #MeghaEngineering&InfrastructuresLtd
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.
Hans India
22-04-2025
- Business
- Hans India
MEIL's Icomm unveils arms mfg facility in Hyderabad
Hyderabad: City-based Megha Engineering & Infrastructures Ltd (MEIL), a construction engineering company said that one of its companies, Icomm Tele Ltd, a comprehensive solution provider for the defence sector has partnered with an entity of EDGE Group, UAE-based Caracal, a small arms manufacturer, for setting up small arms manufacturing facility at Icomm's integrated engineering facility in Hyderabad. At the local manufacturing hub, inaugurated on Monday a portfolio of advanced weapons will be manufactured here under a Technology Transfer (ToT) agreement with Caracal. The weapons that will be manufactured here include, CAR 816 close-quarters battle rifle, CAR 817 assault rifle, CSR 338 bolt-action sniper rifle, CSR 308 bolt-action sniper rifle, CSR 50 bolt-action anti-materiel sniper rifle, CMP9 submachine gun, Caracal EF and Caracal F GEN II combat pistols. Sumanth Paturu, Managing Director, Icomm Tele Ltd, said: 'We are not just making in India, we are making for India and for the world, with precision and purpose. This facility strengthens India's role as a trusted global defence production hub. This facility is also a cornerstone in India's Atmanirbhar Bharat and Make in India journey, blending global technology with Indian manufacturing excellence.' Hamad Alameri, CEO, Caracal, added: 'The launch of the Icomm Caracal small arms complex marks a milestone in our efforts to support the Indian market and defence industry.
