Engineering company Megha Engineering & Infrastructure Ltd (MEIL), has won engineering, procurement, and construction (EPC) contract by the Nuclear Power Corporation of India Limited (NPCIL) under the Department of Atomic Energy, the company said in a press note today, June 26.
It is the highest value tender ever rolled out by the NPCIL.
The project, which aims to build two 700-megawatt electrical reactors at Kaiga, Karnataka, will be beneficial for India’s transition to clean, dependable nuclear energy.
The bidding process saw participation from prominent industry leaders like BHEL, L&T, and MEIL. The tendering process started in May 2023, whereas the technical bid opened in October 2023.
The quality cum cost-based Selection (QCBS) methodology is introduced in this project, which ensures a meticulous evaluation of technical expertise and cost-effectiveness for all proposals.
MEIL emerged as the lowest bidder, demonstrating its exceptional technical capabilities and cost-efficiency by submitting the lowest bid of Rs. 12,799.92 crores, the company said.
“This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector,” said Ch Subbaiah, Director, MEIL.
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