New Delhi, Oct. 31 -- MEIL Energy Private Limited, a subsidiary of energy-to-infra conglomerate Megha Engineering & Infrastructures Limited (MEIL), has completed the purchase of a 250 MW lignite-fired power plant located in Neyveli, Tamil Nadu.

MEIL Energy has purchased a 100% stake in the TAQA Neyveli Power Company Private Limited, buying the entity from its previous owner, the Abu Dhabi National Energy Company PJSC (TAQA).

The acquisition boosts MEIL's total power generation portfolio to over 5.2 GW.

For MEIL, the goal is to seamlessly integrate the plant into its energy portfolio, with a focus on operational excellence and disciplined management to create long-term value from the asset, the company said.

"This acquisition is a mile...