Hyderabad, April 23 -- Megha Engineering & Infrastructure Ltd. (MEIL) has formally received the Purchase Order for Rs 12,800 crore EPC contract from the Nuclear Power Corporation of India Limited (NPCIL) to construct two 700 MWe nuclear reactors-Kaiga Units 5 & 6-in Karnataka.
This is the biggest-ever order placed by NPCIL and marks MEIL's first major step into the nuclear energy sector-a field that will help shape India's energy future, Hyderabad based MEIL said in a release here on Wednesday.
The order was formally handed over at NPCIL's Mumbai headquarters to Ch. P. Subbaiah, Director, MEIL (Projects), and his team.
For the first time, NPCIL used the Quality-cum-Cost-Based Selection (QCBS) method for awarding this project-striking a c...