Megha Engineering to offload City Gas Venture

28 May 2024 CW Team

Hyderabad-based Megha Engineering and Infrastructures (MEIL), the second-largest purchaser of electoral bonds amounting to Rs 9.66 billion and facing corruption allegations, has decided to put its city gas distribution business on sale.

A wholly-owned subsidiary, Megha City Gas Distribution (MCGDPL), has made the decision to consolidate operations and has approached state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp, and Indraprastha Gas, among others.

An executive familiar with the matter stated, "The companies are examining the proposal and analysing the numbers. No decision has been made yet." Another industry executive, whose company evaluated Megha City Gas' assets, mentioned that minimal groundwork had been done. He estimated the valuation to be between Rs 1,000-2,000 crore.

MEIL, a $5-billion infrastructure company with interests spanning hydrocarbons, electric buses, defense, power, transport, and manufacturing, ventured into city gas distribution as Megha Gas in 2015, operating under the MEIL name until FY22.

In September 2022, MEIL transferred the business to MCGDPL, which holds licenses for setting up city gas distribution networks in 62 districts across 10 states.

"A lot of companies had shown keen interest in city gas distribution due to its potential," mentioned a senior executive from an energy company that evaluated the Megha City Gas proposal. "MCGDPL was one of them. However, they are now realising the significant capital requirements to fulfill their minimum work program."

The executive further added, "As a result, they are planning to sell the business."

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..