Megha Engg bags Rs 12,800-cr EPC contract from NPCIL

Hyderabad: Megha Engineering & Infrastructure Ltd (MEIL) has secured the lowest bid at Rs 12,799.92 crore for the Engineering, Procurement, and Construction (EPC) contract by the Nuclear Power Corporation of India Limited (NPCIL) under the Department of Atomic Energy. This marks the highest value tender ever issued by NPCIL.

This project involves the construction of 2 x 700 MW electrical reactors at Kaiga in Karnataka and represents a significant milestone in nation's journey towards clean and reliable nuclear energy.

The project marks a groundbreaking moment with the introduction of the Quality cum Cost-Based Selection (QCBS) methodology. This rigorous process ensured a meticulous evaluation of technical expertise and cost-effectiveness for all proposals. The tendering process began in May 2023, with the technical bid opening in October 2023.

The highly competitive bidding process saw participation from prominent industry leaders, such as BHEL, L&T, and MEIL. MEIL emerged as the lowest bidder, demonstrating its exceptional technical capabilities and cost-efficiency by submitting the lowest bid of Rs12,799.92 crore.

"This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector," said Ch Subbaiah, Director, MEIL.

"The company's unwavering commitment to excellence and innovation has been recognised through this landmark achievement. The company is excited to contribute to India's self-reliance in clean energy solutions," he added.