Megha Bags Polavaram Project Contract
Megha Engineering and Infrastructures Limited (MEIL) came up with a proposal with 12.6 percent less cost than an earlier contractor(Navayuga). The MEIL bid for the works for just Rs. 4358 crores. With this, the government can save Rs 628 crores, which is a huge amount to the exchequer.
YS Jagan led AP government called for re-tender for hydel power plant and main concrete works worth Rs. 4987 crores. MEIL is the only company that took part in the bidding. As soon as the court permits, Megha Engineering will able to begin the works at a rapid pace and complete the works within the given period.
The Megha’s engineering company has only bid for these works. As against the government expectations, the MEIL has come up with12.6 percent fewer Rs. 4358 crores to take up the works. Megha Engineering & Infrastructures Limited (MEIL) is a major infrastructure company headquartered in Hyderabad, India. The company was established in 1989 as a small fabrication unit.
MEIL has already constructed the Pattiseema lift irrigation scheme in record time in Andhra Pradesh and also build the world’s largest Kaleshwaram lift Irrigation project in Telangana which is Telangana CM KCR‘s dream project.