Bengaluru, April 24 -- Nuclear Power Corporation of India Limited (NPCIL) has awarded a Rs 12,800 crore Engineering, Procurement, and Construction (EPC) contract to Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) for the construction of two 700 MWe nuclear reactors.

The project, comprising Kaiga Units 5 and 6 in Karnataka, represents NPCIL's largest order to date and signifies MEIL's entry into the nuclear energy sector.

In a notable departure from previous practices, NPCIL implemented the Quality-cum-Cost-Based Selection (QCBS) methodology for this tender, emphasising a balanced approach between technical excellence and financial considerations.

MEIL emerged successful against established industry competitors including...