MEIL Buys TAQA Neyveli Power for Rs 9.26 Billion
POWER & RENEWABLE ENERGY

MEIL Buys TAQA Neyveli Power for Rs 9.26 Billion

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code