Business EconomyPosted at: Apr 23 2025 3:45PM


MEIL receives Rs 12,800 crore purchase order from NPCIL

Hyderabad, Apr 23 (UNI) Megha Engineering & Infrastructure Ltd. (MEIL) has formally received the Purchase Order for Rs 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 is the biggest-ever order placed by NPCIL and marks MEIL’s first major step into the nuclear energy sector—a field that will help shape India’s energy future, Hyderabad based MEIL said in a release here on Wednesday.
The order was formally handed over at NPCIL’s Mumbai headquarters to Ch. P. Subbaiah, Director, MEIL (Projects), and his team.
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.
This project goes beyond engineering. It’s about contributing to a stronger, self-reliant India.
For MEIL, it’s a meaningful leap into a sector that plays a key role in powering the nation’s growth story.
The leadership of MEIL shared their heartfelt confidence in the team’s ability to deliver the project on time—while maintaining the highest standards of safety, quality, and care.
This step into nuclear energy adds a new chapter to MEIL’s journey and strengthens its growing role in shaping India’s infrastructure and energy future.
UNI KNR CS
Please log in to get detailed story.
Tags: #MEIL receives Rs 12#800 crore purchase order from NPCIL
More News

Microsoft denies misuse of AI, Azure in Gaza conflict

17 May 2025 | 8:24 PM

Washington, May 17 (UNI) Responding to growing concerns among employees and the public, Microsoft Corporation has stated that it found no evidence its Azure cloud or artificial intelligence technologies were used by the Israeli military to target civilians or cause harm in the ongoing conflict in Gaza.

see more..
IOB signs MoU with IIBF

IOB signs MoU with IIBF

17 May 2025 | 7:17 PM

Chennai, May 18 (UNI) The Indian Overseas Bank (IOB) signed a MoU with Indian Institute of Banking and Finance (IIBF) on Saturday for customized e-learning and certification program on MSME.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

17 May 2025 | 3:01 PM

Kottayam, May 17 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
Kottayam
RSS FOUR: 19650
RSS FIVE : 19250
Kochi
RSS FOUR : 19650
RSS FIVE : 19250
UNI PA BD.

see more..
Sensex soars 2876 12 points during the week

Sensex soars 2876 12 points during the week

17 May 2025 | 11:46 AM

Mumbai, May 17 (UNI) The BSE Sensex posted huge gains of 2,876.12 points or 3.62 per cent to settle at 82,330.59 during the week ended on Friday driven by easing geopolitical tensions after a ceasefire between India and Pakistan, softening retail and wholesale inflation, amid positive global cues.

see more..

ReNew to set up INR 22k Cr hybrid renewable energy project in Andhra Pradesh

17 May 2025 | 12:00 AM

Anantapur (Andhra Pradesh), May 16 (UNI) ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, on Friday announced it will invest INR 22,000 crore (US $2.5 billion) to set up one of India’s largest hybrid renewable energy projects in the district.

see more..