Hyderabad based Megha Engineering gets $648 million contract in Mongolia

Megha Engineering and Infrastructures Ltd (MEIL), headquartered in Hyderabad, has announced its successful acquisition of a $648 million contract in Mongolia. The firm disclosed that it has been issued a Letter of Agreement (LOA) by Mongol Refinery State Owned LLC for the construction of a crude oil refinery plant with an estimated worth of $648 million. This new facility, once finalized, is projected to have the capacity to process 1.5 million metric tons of crude oil annually, meeting Mongolia's internal requirements for gasoline, diesel, aviation fuel, and LPG.