MEIL Energy Private Ltd, a wholly owned subsidiary of Megha Engineering & Infrastructures Ltd (MEIL), has completed the acquisition of TAQA Neyveli Power Company Pvt Ltd from Abu Dhabi National Energy Company PJSC for Rs 9.26 billion.

TAQA Neyveli operates a 250 MW lignite-fired power plant in Neyveli, Tamil Nadu, which has a long-term power offtake agreement with the State distribution company. The facility has a proven record of reliable and efficient power generation, supporting Tamil Nadu’s rising energy needs.

Salil Kumar Mishra, Chief Financial Officer of MEIL Group, described the acquisition as a strategic milestone in the company’s expansion journey. “This acquisition marks a key step in our goal to own and operate high-quality energy assets. It aligns with our long-term strategy to complement EPC excellence with ownership of core infrastructure assets,” he said.

Mishra added that MEIL remains committed to developing a balanced and sustainable energy portfolio, spanning thermal, hydro, and renewable power, to enhance national energy security and ensure reliable power supply for India’s long-term growth.

With over 5.2 GW of generation assets currently in its portfolio, the acquisition further strengthens MEIL’s position across the energy value chain, reinforcing its strategy to build a resilient and diversified portfolio capable of delivering reliable and scalable services.

MEIL said it would ensure the seamless integration of TAQA Neyveli into its existing operations, prioritising operational excellence and disciplined asset management to deliver long-term value to stakeholders.

The company noted that the acquisition highlights its strategic transition from a diversified EPC conglomerate into an integrated developer, owner, and operator of core infrastructure assets.