Bangalore, June 26: Megha Engineering & Infrastructure Ltd. (MEIL) is happy to announce that it has emerged as the lowest bidder for the Engineering, Procurement, and Construction (EPC) contract by the Nuclear Power Corporation of India Limited (NPCIL) under the Department of Atomic Energy and it is the highest value tender ever called by NPCIL.
This prestigious project involves the construction of 2 x 700 MegaWaat electrical reactors at Kaiga in Karnataka and represents a significant milestone in India’s journey towards clean and reliable nuclear energy.
The project marks a groundbreaking moment with the introduction of the Quality cum Cost-Based Selection (QCBS) methodology. This rigorous process ensured a meticulous evaluation of technical expertise and cost-effectiveness for all proposals.
The tendering process began in May 2023, with the technical bid opening in October 2023. The highly competitive bidding process saw participation from prominent industry leaders – BHEL, L&T, and MEIL. 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.
“This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector,” said Ch Subbaiah, Director, MEIL. “MEIL’s unwavering commitment to excellence and innovation has been recognised through this landmark achievement. The company is excited to contribute to India’s self-reliance in clean energy solutions.”