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.