NEW DELHI: Megha Engineering and Infrastructure has emerged as one of the top buyers of the electoral bonds by purchasing bonds worth Rs 966 crore.
The Election Commission of India has released information on electoral bonds for the period between April 12, 2019 to January 24, 2024, sharing the details on the top recipients and donors.
The company has a strong portfolio of infrastructure projects in its kitty.
Following is the list of some of the infrastructure contracts bagged by Megha Engineering and Infrastructure in the last five years:
1. Zojila Pass Tunnel: The company emerged as the lowest bidder for this prestigious tunnel, which will provide all-year connectivity between Jammu and Kashmir and Ladakh union territories. The project was awarded by the National Highways and Infrastructure Development Corporation Ltd (NHIDCL), an arm of the Ministry of Road Transport and Highways.
2. Defence Ministry contract: IComm, a group company of Megha Engineering & Infrastructures Ltd (MEIL), has bagged a Rs 500 crore order from the Ministry of Defence. The Defence Ministry will procure radio relay communication equipment containers from IComm. The delivery of the containers is scheduled to commence from the current Financial Year 2023-24.
3 Power Transmission project: State-owned REC arm REC Power Development and Consultancy has handed over a transmission project called KPS1 Transmission Ltd to Megha Engineering & Infrastructures.
The company emerged as a successful bidder of the Inter-State Transmission Project of the Ministry of Power, and RECPDCL was the bid process coordinator.
4. Crude oil refinery project: The company secured a USD 648-million (about Rs 5,400 crore) work order in Mongolia and the contract was awarded by Mongol Refinery State Owned LLC, MEIL said in a statement on Friday.
This Mongol Refinery project is a government-to-government (G2G) initiative. Upon completion, the refinery is expected to produce 1.5 million tonnes of crude oil annually, catering to Mongolia’s domestic demand for gasoline, diesel, aviation fuel and LPG.
