New Delhi: Megha Engineering & Infrastructures Ltd (MEIL) has acquired the formal buy order or the letter of approval for a ₹12,800 crore engineering, procurement and building (EPC) contract from the Nuclear Energy Company of India Ltd (NPCIL) to assemble two 700 megawatt electrical (MWe) nuclear reactors—Kaiga items 5 and 6—in Karnataka.
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With this, MEIL marks its entry into the nuclear vitality house, the Hyderabad-based firm stated in an announcement, including that that is the largest-ever order positioned by NPCIL. It has acquired the acquisition order almost a yr after it bagged the contract in June 2024.
“For the primary time, NPCIL used the High quality-cum-Price-Based mostly Choice (QCBS) methodology for awarding this mission—placing a cautious stability between high quality and price. Competing with trade giants like BHEL and L&T, MEIL was chosen for its robust technical method and aggressive pricing,” it stated.
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MEIL already has a diversified presence throughout sectors together with energy, water, hydrocarbons, irrigation, oil rigs, defence, transport, compressed fuel distribution and electrical mobility.
It additionally has a worldwide presence and in September 2023 it bagged a deal to assemble a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC.
MEIL’s foray into the nuclear energy house comes at a time when the Union authorities is rising India’s nuclear energy capability in keeping with the bold goal to put in 500GW of non-fossil gas capability by 2030.
At present, India has an put in nuclear energy capability of 8.18GW and the federal government goals to triple the capability by 2032. In response to the information supplied by the Union energy ministry in Parliament in March, about 14.3GW of nuclear vitality capability is in several levels of implementation. About 7.3GW of nuclear energy capability is already below building. Amid the restricted availability of huge land parcels, the Centre is now additionally specializing in growing small modular reactors within the nation.
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