MEIL gets Rs 13,000 crore order from NPCIL for 2 nuclear reactors Image for representation only
News Updates

MEIL gets Rs 13,000 crore order from NPCIL for 2 nuclear reactors

MEIL on Wednesday said the company has received an order worth about Rs 13,000 crore from NPCIL for supplying two nuclear reactors of 700 MW each

PTI

New Delhi: Megha Engineering & Infrastructure Ltd (MEIL) on Wednesday said the company has received an order worth about Rs 13,000 crore from the Nuclear Power Corporation of India Ltd (NPCIL) for supplying two nuclear reactors of 700 Mega Watt (MW) each.

The order marks MEIL's first step into the nuclear energy sector, the company said in a statement.

PSU Watch is now on Whatsapp Channels. Click here to join

MEIL said it has "formally received a purchase order for Rs 12,800 crore from the Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 MWe nuclear reactors -- Kaiga Units 5 & 6 -- in Karnataka."

The order has been secured Quality-cum-Cost-Based Selection (QCBS) process route conducted by NPCIL.

"Competing with industry giants like BHEL and L&T, MEIL was chosen for its strong technical approach and competitive pricing," it said.

Hyderabad-based MEIL is one of India's leading infrastructure companies, with a wide-ranging presence across sectors including power, water, hydrocarbons, irrigation, oil & rigs, defence, transport, compressed gas distribution, and electric mobility.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

GRSE signs MoU with Germany’s Reintjes GmbH to enhance marine propulsion capabilities

RITES, iSky Transport sign MoU to explore sustainable urban mobility solutions

Finance Ministry working on strategy to insulate economy from geo political shocks: DIPAM Secy

NSDL's Rs 4,011 crore IPO subscribed 41 times on final day of offer

India Post Payments Bank starts Aadhaar-based face authentication for digital banking