MEIL will be responsible for constructing two 700MW electrical reactors. Credit: Kletr / Shutterstock.

Megha Engineering & Infrastructures (MEIL) has secured a $1.53bn contract for the construction of two 700MW nuclear reactors in India.

The deal has been awarded by the Nuclear Power Corporation of India (NPCIL), which operates India’s existing nuclear power plants.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

MEIL will be responsible for constructing two 700MW electrical reactors at Kaiga in Karnataka.

The tendering process, which began in May 2023, culminated in the technical bid opening in October 2023.

The latest tender attracted bids from both private and state-owned entities.

See Also:

Bharat Heavy Electricals and Larsen & Toubro also competed for this contract.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

MEIL director Peda Subbaiah Chakka was quoted by Indian publications as saying: “This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector.”

The government of India recently sanctioned a new interstate transmission system schemes worth Rs135.95bn ($1.63bn) to facilitate the evacuation of 9GW of renewable energy from the states of Rajasthan and Karnataka.

The initiatives are part of India’s goal to achieve 500GW of renewable energy by 2030, with 200GW already integrated into the grid.

The Rajasthan Renewable Energy Zone scheme will enable the evacuation of 4.5GW of clean energy from complexes within the state.

In June 2024 reports emerged that India’s Adani Group plans to invest $100bn in energy transition projects, aiming to produce key components for green energy generation.

Speaking at the Catalyst for India’s Future event, held in June 2024 by Crisil, Adani Group chairman Gautam Adani noted that trillion-dollar opportunities in energy transition and digital infrastructure will significantly transform India.