MEIL

What MEIL does

MEIL (Megha Engineering & Infrastructures Limited) is a Hyderabad-headquartered, privately held Indian infrastructure conglomerate founded in 1989 that executes multi-sector EPC projects across irrigation, drinking water, power generation and transmission, hydrocarbons, transportation (highways, tunnels, railways), and manufacturing. It owns and operates long-life assets in power (Tuticorin 525 MW thermal, Anpara 1,200 MW thermal, Neyveli 250 MW lignite) and pumped-storage hydro (over 9,110 MW under construction), and runs subsidiaries Olectra Greentech (electric buses with BYD technology, ~10,000-vehicle order book), Megha Gas (CNG/PNG distribution across 22 geographic areas in 10 states), ICOMM (telecom and defence equipment), and Italy-based Drillmec and Petreven (drilling rigs and rig management in 80+ countries). The group employs 40,000+ directly with indirect workforce touching ~5 lakh people, holds an AA+ credit rating, and is ranked on the Hurun India 500 at Rs 83,800 crore valuation.

The company earns revenue through five interlocking streams: (1) EPC project execution under tender, HAM, BOOT and BOQ contracts with central and state government agencies, which is the largest and longest-cycle component; (2) recurring power generation revenue via long-term PPAs and O&M fees on owned assets; (3) electric bus and (from FY27) electric truck sales through Olectra to government transport undertakings; (4) consumer-facing CNG/PNG sales and connection fees through Megha Gas's station and pipeline network; and (5) drilling rig hardware sales and rig management services globally via Drillmec/Petreven. Pricing is set almost entirely through competitive government bidding rather than published list prices. Customers are exclusively government or government-owned entities — state electricity boards, central PSUs (ONGC, HPCL, NPCIL), NHAI/NHIDCL, state irrigation and water resource departments, and Indian Railways — making the business a leveraged play on Indian public infrastructure capex.

Operationally, MEIL differentiates through in-house engineering and manufacturing: three ISO 9001:2015/14001/45001 and ASME U/R/NB-certified plants in Hyderabad produce pressure vessels, heavy machinery and SAW helical pipes that feed directly into its own project sites, eliminating subcontractor dependence. Its execution track record includes world-record infrastructure — the 3,840 MW Kaleshwaram Lift Irrigation system (world's largest), the Polavaram spillway (world's largest at 50 lakh cusecs), the 13.153 km Zojila Tunnel (world's longest single-tube bi-directional road tunnel at 11,578 ft), and Asia's largest 735 MLD water treatment plant at Mallaram — which together form a powerful reference portfolio for future government tenders.

Name

MEIL

Legal name

Megha Engineering & Infrastructures Limited

Website

https://meil.in

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Infrastructure Construction & EPC Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Industrial Machinery Manufacturing (33324)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Project & Program Management (PMO), Controls & Reporting (EUAKAAAC), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

Keywords

• EPC infrastructure services
• Lift irrigation systems
• Thermal power generation
• Highway tunnel construction
• City gas distribution

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Project Execution: MEIL operates as an EPC (Engineering, Procurement, and Construction) contractor for large infrastructure projects awarded by government agencies and state utilities. Revenue is earned through project execution contracts under various models including EPC, Hybrid Annuity Model (HAM), BOOT, and BOQ. The company also funds and executes HAM projects with its own capital, investing in road, irrigation, drinking water, sewage treatment, and power projects for long-term economic returns.
2. Power Generation & O&M: MEIL owns and operates power generation assets including the 525 MW Tuticorin thermal plant, 250 MW Neyveli lignite plant, and 1,200 MW Anpara Energy plant. Revenue is generated through long-term Power Purchase Agreements (PPAs) with state utilities. The company also earns O&M fees for operating water, irrigation, and power infrastructure post-completion.
3. Electric Vehicle Manufacturing (Olectra): Olectra Greentech, MEIL's listed EV subsidiary, manufactures and sells electric buses primarily to government customers under schemes like PM E-DRIVE and CESL tenders. Revenue is project-based with order-driven production; the company also operates bus fleets through Evey Trans.
4. City Gas Distribution (Megha Gas): Megha Gas distributes CNG for vehicles and PNG for domestic, commercial, and industrial consumers through CNG stations and pipeline networks across 22 geographic areas in 10 states. Revenue is generated from fuel sales (CNG) and connection fees (PNG).
5. Drilling Rig Manufacturing (Drillmec/Petreven): Global subsidiaries Drillmec (Italy) and Petreven design, manufacture, and supply onshore and offshore drilling rigs and provide rig management services across 80+ countries. Revenue is generated from equipment sales, rentals, and drilling services contracts.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

MEIL (Megha Engineering & Infrastructures Limited) is a multi-sector infrastructure company that executes turnkey EPC (Engineering, Procurement, and Construction) contracts for large-scale government projects across irrigation, drinking water, power (thermal, hydro, pumped storage, nuclear), hydrocarbons, and transportation. The company also operates four wholly-owned subsidiaries: Olectra Greentech (electric buses), Megha Gas (CNG/PNG distribution), ICOMM (telecom and defense equipment), and Drillmec/Petreven (onshore/offshore drilling rigs). In-house manufacturing facilities in Hyderabad produce pressure vessels, heavy machinery, and SAW helical pipes.

Product overview

MEIL (Megha Engineering & Infrastructures Limited) is a $5 billion multi-sector infrastructure company operating as a portfolio of specialized business units rather than a unified product platform. The company operates across eight Business Units: Transportation, Buildings & Industrial Infrastructure, Hydrocarbons, Renewable Energy, Power, Water, Irrigation, and International Business Development. Key subsidiary products include Olectra Greentech (electric buses), Megha Gas (CNG/PNG city gas distribution), ICOMM (telecom & defense equipment), and Drillmec/Petreven (oil drilling rigs). The Power Business Unit manages generation assets including thermal plants (Tuticorin 525 MW, Anpara 1200 MW, Neyveli 250 MW), pumped storage projects (Kundah 500 MW, Upper Sileru 1350 MW, Saundatti 1260 MW, Sharavathy 2000 MW, Kamod/Ghosla 4000 MW), and nuclear power (Kaiga 5&6 Units). The Hydrocarbons Business Unit covers upstream (drilling rigs), midstream (pipelines, refineries), and downstream (city gas distribution) operations. The Water Business Unit delivers drinking water systems including Mission Bhagiratha and Godavari Drinking Water Supply Scheme (735 MLD plant). The Irrigation Business Unit executes lift irrigation projects including Kaleshwaram (world's largest) and Polavaram (world's largest spillway). The Transportation Business Unit builds roads, highways, and tunnels including the Zojila Tunnel (world's longest single-tube bi-directional road tunnel). Manufacturing Units produce pressure vessels, heavy equipment, and pipes (ISO 9001:2015, 14001, 45001 certified).

Differentiator

Problem solved

Functional benefit

Brands

• Olectra Greentech: Electric bus manufacturing company and part of MEIL Group, collaborating with BYD for manufacturing electric buses for India's public transportation system
• Megha Gas
• ICOMM
• Drillmec

Products and services

• Olectra Greentech Electric Buses Electric bus product sold primarily to state transport undertakings and government entities in India through PM E-DRIVE and CESL tenders. Approximately 85% of orders come from government customers.
• Megha Gas CNG and PNG Distribution Distribution of Compressed Natural Gas (CNG) for vehicles and Piped Natural Gas (PNG) for domestic, commercial, and industrial consumers through CNG stations and pipeline networks across 62 districts in 10 states.
• ICOMM Telecom and Defense Equipment Manufactures communication networks and defense equipment supporting the Make in India initiative, producing networks for businesses, governments, and the defense sector.
• Drillmec Drilling Rigs Global design, manufacturing, and supply of onshore and offshore drilling and workover rigs. Has delivered close to 600 drilling rigs to clients including Total, Shell, ONGC, and Oil India, with planned USD 200+ million investment in Hyderabad manufacturing hub.
• Power Generation Services Owns and operates thermal and lignite power generation assets including the 525 MW Tuticorin thermal plant, 1,200 MW Anpara plant in Uttar Pradesh, and 250 MW Neyveli lignite plant, with revenue earned through long-term Power Purchase Agreements (PPAs) with state utilities. Total generation capacity exceeds 5.2 GW.
• Pumped Storage Hydropower Multiple pumped storage hydroelectric projects under construction across Andhra Pradesh (Upper Sileru 1,350 MW), Tamil Nadu (Kundah 500 MW), Karnataka (Saundatti 1,260 MW, Sharavathy 2,000 MW), and Maharashtra (Kamod and Ghosla), collectively adding over 9,110 MW of flexible capacity for peak-time support and renewable grid integration.
• Nuclear Power EPC Services EPC contracting services for nuclear power projects, including the Kaiga Units 5 & 6 (2 x 700 MWe) contract from NPCIL in Karnataka, MEIL's first private sector nuclear power project under India's indigenous 700 MWe PHWR programme.
• Lift Irrigation EPC Services Turnkey engineering, procurement, and construction of large-scale multi-stage lift irrigation projects including the Kaleshwaram Lift Irrigation Project (15 pump houses, 89 machines, 3,840 MW pumping capacity, recognized as the world's largest multi-stage lift irrigation system) and Polavaram Project (world's largest spillway at 50 lakh cusecs).
• Drinking Water Infrastructure EPC Design and construction of multi-village drinking water schemes, water treatment plants, and pipeline networks, including Mission Bhagiratha in Telangana (serving 7 million families) and the Godavari Drinking Water Supply Scheme with Asia's largest 735 MLD water treatment plant. Portfolio covers 61 projects across 9 states.
• Highway and Tunnel EPC Services EPC construction of national highways, expressways, and tunnels using New Austrian Tunnelling Method (NATM) and Tunnel Boring Machines (TBM). Portfolio spans over 8,821 lane kilometres across key Indian states, including the Zojila Tunnel (world's longest single-tube bi-directional road tunnel at 13.153 km) and Thane-Borivali Twin Tunnel Project.
• Hydrocarbons EPC Services Refinery construction, pipeline laying, and hydrocarbon processing unit EPC services, including the HPCL Rajasthan Refinery project (Sulphur Recovery Unit, Polypropylene Unit, Butene-1 Unit, world's largest single-train LLDPE/HDPE plant) and the Mongolia Greenfield oil refinery (1.5 MMTPA capacity).
• Transmission and Substation Infrastructure High-voltage substations and transmission line construction including 765/400 kV substations, 400 kV transmission lines, and Gas-Insulated Substations (GIS) such as the Raidurg 400 kV GIS in Hyderabad built on 5 acres and the first 400 kV GIS in Bhopal/Mandideep industrial area.
• Industrial Manufacturing Services In-house manufacturing of infrastructure components through three ISO 9001:2015, 14001, and 45001 certified plants in Hyderabad: Pressure Vessel Division (ASME U/R/NB certified), Heavy Manufacturing Unit (CNC machines, API 4F/7K/8C certified), and Pipes and Coating Division (German SAW helical technology, 3-Layer Polyethylene coating). Produces pressure vessels, surge tanks, heavy storage tanks, and pipes.
• Solar Power EPC Services EPC services for solar power installations including the PM KUSUM scheme projects in Maharashtra and Karnataka, the Vadodara Canal Top Solar Power Project (10 MW, recognized by KPMG as a Top 100 global innovation), Sakri Solar Power Project (50 MW, Maharashtra's largest), and NPKunta substation connecting Ultra Mega Solar Park Grid.

Quantifiable outcome

• Zojila Tunnel reduces travel time between Sonamarg and Minamarg from 2 hours to 15-30 minutes and provides year-round connectivity to Ladakh, ending 6-month winter isolation
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• NHIDCL (National Highways and Infrastructure Development Corporation Limited)coreImplementation/ SI/ Consulting Partner · 9 June 2026MEIL is executing the Zojila Tunnel project for NHIDCL — the world's longest single-tube bi-directional road tunnel at 13.153 km, 11,578 feet altitude. The Rs 6,800 crore project achieved final breakthrough in June 2026 and is targeted for completion by February 2028. The tunnel provides year-round all-weather connectivity between Kashmir and Ladakh.
• BYD Auto Co. LtdcoreTechnology or Integration · 29 May 2026Olectra Greentech (MEIL's EV subsidiary) partners with China's BYD for electric bus manufacturing under a technology partnership agreement running until 2030. Olectra manufactures electric buses using BYD technology and components, with approximately 85% of orders from government entities including PM E-DRIVE Scheme and CESL tenders.
• GE VernovacoreTechnology or Integration · 4 May 2026GE Vernova secured an order from MEIL to supply nine 150 MW pumped-storage units for the 1.35 GW Upper Sileru hydropower project in Andhra Pradesh, targeted for completion by 2030. This marks the second pumped-storage collaboration between GE Vernova and MEIL, following the Kundah hydropower project where GE Vernova is also supplying four 125 MW fixed-speed pumped-storage units. GE Vernova handles design, engineering, manufacturing, testing, supply, and commissioning support.
• MTAR TechnologiescoreImplementation/ SI/ Consulting Partner · 26 January 2026MTAR Technologies secured multiple orders from MEIL totalling Rs 504 crore for supplying critical nuclear equipment to the Kaiga 5 & 6 nuclear power plant reactors. MTAR is one of only two private-sector firms capable of manufacturing critical nuclear components including fuel machining heads, water-lubricated bearings, and reactor vessels.
• Nuclear Power Corporation of India Limited (NPCIL)coreImplementation/ SI/ Consulting Partner · 23 January 2026MEIL secured a landmark EPC contract from NPCIL to construct two 700 MWe nuclear reactors (Kaiga 5 & 6 Units) in Karnataka — MEIL's first nuclear power project in the private sector space and NPCIL's largest ever EPC order. This positions MEIL within India's indigenous 700 MWe PHWR programme for long-life, low-carbon baseload generation.
• Sudha Reddy Foundation / Miss WorldminorGTM or Marketing Partner · 13 January 2026Sudha Reddy, Director at MEIL and Chairperson of Sudha Reddy Foundation, was named the first Global Ambassador for Miss World in January 2026, recognising her humanitarian work. This enhances MEIL Group's global brand visibility through high-profile association.
• Government of TelanganacoreStrategic or Co-development Partner · 1 January 2026MEIL partnered with the Government of Telangana to establish the Young India Skills University's eco-friendly campus at Net Zero Valley in Ranga Reddy district, Hyderabad, through a Rs 200 crore CSR donation. The zero-carbon footprint facility includes academic buildings, labs, auditorium, and housing for students and faculty.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Larsen & Toubro (L&T): India's largest EPC conglomerate with deep overlap across hydrocarbons, power, water, transportation and heavy engineering. Closest direct peer given similar government-driven project mix, multi-sector EPC execution model, and large-scale manufacturing footprint.
• Tata Projects: Infrastructure EPC arm of the Tata Group executing power, water, transportation and urban infrastructure projects for government clients in India. Comparable in scope and customer profile to MEIL's core EPC business.
• Hindustan Construction Company (HCC): Indian infrastructure EPC with strong hydropower, tunnelling and transportation credentials (including Himalayan projects). Directly comparable to MEIL's tunnelling, hydro and complex-civil execution capability.
• Afcons Infrastructure: Infrastructure and marine EPC specialist with strong tunnelling, hydro and bridge portfolio. Comparable to MEIL's Thane-Borivali twin tunnel and Zojila-scale underground works execution.
• NCC (Nagarjuna Construction Company): Indian infrastructure EPC focused on buildings, water, irrigation, roads and power transmission. Comparable government-driven project mix and execution scale, especially in irrigation and drinking water where MEIL is dominant.
• KEC International: Global power transmission EPC specialist with substantial India government and PSU order book. Directly comparable to MEIL's transmission line and EHV substation business (Raidurg, Virudhunagar, MP substations).

Broad incumbents

• Reliance Infrastructure: Diversified Indian infrastructure group with overlapping power generation, transportation and EPC capabilities. Comparable as a multi-sector incumbent, though with a broader conglomerate parent and different capital structure.
• GMR Group: Diversified infrastructure conglomerate with power generation, highways and airports portfolios. Comparable in power generation and transportation segments where MEIL operates, but with a different asset-heavy mix.
• Adani Group (Adani Infra / Adani Energy): Large diversified infrastructure platform with power generation, transmission and renewable EPC at massive scale. Comparable in power EPC and renewables integration, though broader conglomerate footprint.
• BHEL: India's largest power generation equipment manufacturer with deep nuclear EPC credentials. Comparable to MEIL's nuclear EPC ambitions (Kaiga 5&6) and thermal power generation business.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MEILcompany
• YouTubeyoutube.com/@MeilGroupOfficial
• Facebookfacebook.com/meilteam.in
• LinkedInin.linkedin.com/company/meilgroupofficial
• Instagraminstagram.com/meilgroupofficial

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MEIL