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MEIL INVESTMENT
MEIL to pump in Rs 40,000 crore capex in 3 years, eyes Rs 2 lakh crore topline in 5 yearsMegha Engineering & Infrastructures Limited (MEIL) Group is set to invest up to Rs 40,000 crore in capital expenditure over the next two to...- Megha Engineering unit to acquire Neyveli Power from Abu Dhabi’s TAQAMEIL Energy has acquired TAQA Neyveli Power for Rs. 926 crore, marking a strategic shift from an EPC conglomerate to an owner and operator ...
- MEIL Energy acquires 250 MW Lignite-based power plant in Tamil NaduIn a strategic expansion, MEIL Energy Private Limited has successfully taken over TAQA Neyveli Power Company Private Ltd., which oversees a...
- Oaktree Capital Management loans Rs 10,000 crore to MEIL's Krishna Reddy for family buyoutOaktree Capital Management will lend up to Rs 10,000 crore to Megha Engineering's MD, PV Krishna Reddy, to finance the buyout of PP Reddy's...
- Megha deal: Krishna Reddy plans Rs 15,000 crore buyout of uncle PP Reddy’s 51% stakeMegha Engineering's shareholders, the Reddy duo, are finalizing a family settlement where PV Krishna Reddy will acquire Pamireddy Pitchi Re...
- Andhra government clears 15 projects worth Rs 44,776 croreThe State Investment Promotion Board (SIPB) led by Chief Minister N Chandrababu Naidu has approved 15 investment projects worth Rs 44,776 c...
- Ashwini Vaishnaw discusses safety, maintenance practices with Swiss Federal Railways delegation at WEF 2025 in DavosUnion Minister Ashwini Vaishnaw, during the World Economic Forum meetings in Davos, met with Swiss Federal Railways to discuss safety and m...
- VinFast in talks with Adani Group, Megha Engineering for electric car ventureVietnamese EV maker VinFast is considering Indian companies MEIL and Adani Group as potential partners for its electric car venture in Indi...
- Megha Engineering and Infrastructure bags 2000MW Sharavathi pumped storage projectThe Hyderabad-based MEIL won the bidding process and bagged the project. "It also saw L&T's stiff resistance as they moved Supreme Court ov...
- India shuts down another China entry - this time Megha-BYD's $1 billion plan for four-wheeler facilityThe 2 companies had in their application to DPIIT proposed to set up an electric vehicle plant in Hyderabad. In its proposal to the DPIIT, ...
- BYD-Megha submits $1 billion proposal to make EVs in IndiaChinese EV manufacturer BYD and Indian company Megha Engineering and Infrastructures (MEIL) have submitted a joint proposal for a $1bn inve...
- Competition Commission approves NIIF's stake purchase in Hindustan PortsThe proposed transaction relates to NIIF's acquisition of up to 25 per cent in Hindustan Ports Pvt Ltd (HPPL).
- Drillmec India bags oil rig orders worth $1.5 billion from Oil India & ONGCThe US$ 1.57 Billion order book was achieved on the basis of orders from Oil India Ltd amounting to $ 143 million for five land based oil d...
- MEIL to invest 35 million euros in energy transition, forays into hydrogen productionDrillmec has already launched Idrogena, a start-up company dedicated to the development and industrial production of a pyrolytic converter ...
- MEIL's Drillmec to set up $200 million oil rig manufacturing hub in TelanganaDrillmec has so far delivered close to 600 drilling rigs and developed many innovative designs and acquired patents globally. The company, ...
- Meil group forays into defence weapons production in TelanganaIn a statement on Monday, the infrastructure conglomerate with presence in 20 countries, announced obtaining approvals to manufacture weapo...
- Greenko plans to buy 6k-cr power projectIn a statement issued last month, MEIL said its order book stood at about Rs. 61,000 crore. This includes bookings of about Rs. 17,000 cror...
- 50MW solar thermal power plant comissioned in Andhra PradeshThis is directly and indirectly helpful to Andhra Pradesh and Telangana state as NTPC allocates four times additional 440 million units of ...
- Megha Airways looks to sell majority stakePromoter of the Hyderabad-based regional airline, which got ministry nod last month, is in talks with Megha Engg for stake sale.
- Mytrah gears to become largest wind power producerIn Andhra Pradesh, the company has a total capacity of 63 MW of wind assets in Vajrakarur in Anantapur district.
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