Key Points
Megha Engineering and Infrastructure, a little-known Hyderabad-based firm, hit the headlines this Thursday after it emerged as the second-largest buyer of electoral bonds, according to the data made public by the Election Commission of India...
The company that started business from a small shed with just Rs 5 lakh capital has in the recent years won the prestigious Zojila tunnel deal, was reportedly involved in the construction of a nodal station for India's first bullet train project, manages city gas and owns a media group...
MEIL bought a total of Rs 966 crore worth of bonds between financial years 2019-20 and 2023-24..
MEIL projects include Asia's longest bi-directional all-weather Zojila Road Tunnel Project, which connects the Kashmir valley and the Ladakh region, development of two inter-state power transmission projects in Uttar Pradesh, Yadgir multi-village drinking water project in Karnataka as part of the government's JalJeevanMission, Renigunta Naidupeta Road Project and 960 MW Polavaram Hydropower Project in Andhra Pradesh..
MEIL is also executing the 212.5 MLD (million litre/day) Amberpeta sewage treatment plant in Telangana, the Dhenkanal drinking water project in Odisha and the Kundah Pumped Storage Hydel Power Project in Tamil Nadu, among others...
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All about Hyderabad-based Megha Engineering, the second-largest donor to political parties via electoral b
15, Mar, 24Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL), initially focused on municipal pipe manufacturing, rose to prominence in infrastructure development. It became the second-largest political donor via electoral bonds, with contributions amounting to Rs 966 crore. The company's notable projects include the Zojila tunnel and diverse ventures nationwide.