In a major development in the Zojila Pass Tunnel project in Jammu Kashmir - Ladakh, Megha Engineering and Infrastructure (MEIL) emerged as the lowest bidder by quoting Rs 45.099 million. The other two bidders in the running were Larsen & Toubro (L&T) and Ircon International JV. The contract was awarded to MEIL thus giving impetus to the long-stalled project in the right direction. National highways and Industrial Development Corporation (NHIDCL) had opened the bids on 14 August 2020.
This company, established in 1910 and headquartered in Finland is one of the oldest companies in the automated mobility space with offices in over 60 countries. The company set up its new India Technology and Engineering Centre (ITEC) at Pune to serve its various units across the world. This is one of the seven such global centres of this multinational.