MEIL
Megha Engineering emerges lowest bidder for Rs 12,800 cr nuclear power project
Megha Engineering & Infrastructures Ltd has been the lowest bidder for a Rs 12,800 crore engineering, procurement and construction (EPC) contract from the state-owned Nuclear Power Corporation of India. The company, which is the second-biggest buyer of electoral bonds and faces corruption allegations, submitted the lowest bid of Rs 12,799.92 crore.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
Megha Engineering and Infrastructure bags 2000MW Sharavathi pumped storage project
The Hyderabad-based MEIL won the bidding process and bagged the project. "It also saw L&T's stiff resistance as they moved Supreme Court over it but their plea was rejected and the contract awarded to MEIL", the company said.
Rs 315 cr corruption case: CBI books second-biggest electoral bond buyer Megha Engineering, 8 steel ministry officials
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) is one of the biggest electoral bond donors to BJP and BRS, and the second largest donor to Congress. P Pitchi Reddy and P V Krishna Reddy, the promoters of Megha Engineering that emerged as the second-largest donor of electoral bonds at Rs 1,232 crore, saw their wealth jump 53% and 51%, respectively.
Megha Engineering electoral bond purchases close to bagging contracts for major projects
Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) has emerged as the second-biggest buyer of electoral bonds worth Rs 966 crore, according to data released by the Election Commission of India (ECI) on Thursday.
Megha Engineering, the company that spent over ₹1,200 crore on electoral bonds, began life as a small pipe-maker in Hyderabad
Between April 2019 and November 2023, Hyderabad-based Megha Engineering & Infrastructures Limited shelled out ₹1,232 crore — some of it directly and some through its associated companies. MEIL spent ₹966 crore, while its offshoots Western UP Power Transmission Co Ltd, SEPC Power, and Evey Trans Pvt Ltd spent ₹220 crore, ₹40 crore, and ₹6 crore, respectively.
Olectra Greentech shares plunge 6% after promoter's name appears on electoral bond list
Olectra Greentech's shares declined by 6% as MEIL Holdings acquired electoral bonds worth Rs 966 crore. The company's revenue showed sequential growth.
MEIL bags order worth $648 million for oil refinery in Mongolia
Megha Engineering and Infrastructures Ltd (MEIL) has secured a $648 million work order in Mongolia from Mongol Refinery State Owned LLC. The agreement was signed between the two companies at Ulaanbaatar in Mongolia. As part of the contract, MEIL will build a diesel hydrotreater unit, hydrocracker unit, and various other units of Mongolia’s first oil refinery.
MEIL secures Rs 5,400 cr crude oil refinery project in Mongolia
Megha Engineering and Infrastructures Ltd (MEIL) has secured a $648 million work order in Mongolia from Mongol Refinery State Owned LLC. The order is for the construction of a crude oil refinery plant, which will produce 1.5 million tonnes of crude oil annually to meet Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG.
MEIL group company bags Rs 500 crore order from defence ministry
The radio relay containers will address a long overdue requirement of mobile communication detachments of the Indian Army. The containers will be utilised to provide a protected environment for communication equipment to function in a failsafe and reliable manner. The containers would be mounted on authorised specialist vehicles and moved as per operational requirements, the company said.
Hindustan Construction Company, MEIL bag Rs 3,681-cr bullet train station project
The Bandra Kurla Complex bullet train station will have six platforms, and each platform is approximately 414 metres, sufficient to accommodate a 16-coach bullet train. The station will have connectivity with the metro and road transport, HCC said in a statement.
MEIL group firm ICOMM signs licensing pact with UAE firm to manufacture small arms
The agreement was signed at the IDEX 2023 in Abu Dhabi, the UAE, one of the largest tri-service defence exhibitions in the world.
MEIL to build Mongolia's first greenfield oil refinery
Megha Engineering & Infrastructures Limited (MEIL) will build Mongolia's first oil refinery for the country, the company said today.
MEIL to commission 15 oil and gas rigs for ONGC by May
Megha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC Limited to supply 47 oil and gas rigs, expects commissioning of 15 of them by May end, a senior official of the infra major said on Tuesday. K Satyanarayana, Technical Head, Rigs Project, MEIL, said most of the 15 rigs have reached the respective locations and commissioning will be expedited soon.
MEIL's Drillmec to set up $200 million oil rig manufacturing hub in Telangana
Drillmec has so far delivered close to 600 drilling rigs and developed many innovative designs and acquired patents globally. The company, which was incorporated under the laws of Italy having its registered office at Podenzano PC, Italy, was acquired by MEIL group in 2020. Drillmec clocked USD 220 million revenues during the last financial year and expects to earn USD 450-500 million this year.
City Gas Distribution: Chikkaballapur & Yadgir among 15 GAs awarded to Megha Engineering
The Petroleum and Natural Gas Regulatory Board (PNGRB) had called for bidding of projects for 65 GAs across India, and MEIL has bagged a quarter of them. The infrastructure firm is already implementing the city gas distribution projects in Tumakuru and Belagavi in Karnataka.
MEIL bags 15 city gas distribution projects in 9 states
"In response, MEIL had bid for 43 GAs. MEIL has emerged as the successful bidder for the highest number of geographical areas (GA) across India winning bids for 15 geographical areas," the company said. The states where the projects are to be executed are Karnataka, Madhya Pradesh, Rajasthan, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana and Uttar Pradesh, MEIL said.
MEIL hands over second oil rig to ONGC; to supply 21 more by 2022
The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from ONGC for the supply of 47 rigs. MIEL is the first private company in India to manufacture oil and gas extraction rigs with indigenous technology, a company statement said.
MEIL to deliver $860 million worth 47 oil & gas rigs to ONGC by 2022 end
Out of 47 Rigs, there are 20 Workover Rigs-(used to perform workover operations in a well) and 27 Land Drilling Rigs.
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