MEIL acquires 15 city gas distribution projects in 9 states
17 Jan 2022
2 Min Read
CW Team
Hyderabad-based Megha Engineering & Infrastructures Limited (MEIL) has acquired 15 city gas distribution (CGD) projects across nine states.
According to the company statement, bids for these CGD projects were opened on Friday.
On Friday, the company told the media that the Petroleum and Natural Gas Regulatory Board (PNGRB) had called for the 11th round of bidding of CGD projects for 65 geographical areas (GA) across India earlier.
MEIL had proposed 43 GAs. MEIL has appeared as the successful bidder for the highest number of geographical areas (GA) across India winning proposals for 15 geographical areas.
The states where the projects are to be implemented are Madhya Pradesh, Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Punjab, Odisha, Telangana and Uttar Pradesh.
Without sharing any financial data, it said that the scope of work under the CGD project comprises developing city gate stations or mother stations, laying the main pipeline and distribution pipelines except setting up CNG stations.
The CGD strives at boosting green fuel (natural gas) like piped natural gas (PNG) for households and industries (for domestic or industrial consumption) and additionally compressed natural gas (CNG) utilised as fuel for vehicles and the automobile industry.
In the 10th round of bidding for CGD projects, MEIL was granted three GAs in Andhra Pradesh, Telangana and Karnataka.
Hyderabad-based MEIL is among the significant infrastructure firms in India, having a presence in about 10 nations.
Also read: MEIL makes major breakthrough in Zojila La tunnel project
Also read: Petroleum regulator nods 33,764 km natural gas pipeline network
Hyderabad-based Megha Engineering & Infrastructures Limited (MEIL) has acquired 15 city gas distribution (CGD) projects across nine states.
According to the company statement, bids for these CGD projects were opened on Friday.
On Friday, the company told the media that the Petroleum and Natural Gas Regulatory Board (PNGRB) had called for the 11th round of bidding of CGD projects for 65 geographical areas (GA) across India earlier.
MEIL had proposed 43 GAs. MEIL has appeared as the successful bidder for the highest number of geographical areas (GA) across India winning proposals for 15 geographical areas.
The states where the projects are to be implemented are Madhya Pradesh, Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Punjab, Odisha, Telangana and Uttar Pradesh.
Without sharing any financial data, it said that the scope of work under the CGD project comprises developing city gate stations or mother stations, laying the main pipeline and distribution pipelines except setting up CNG stations.
The CGD strives at boosting green fuel (natural gas) like piped natural gas (PNG) for households and industries (for domestic or industrial consumption) and additionally compressed natural gas (CNG) utilised as fuel for vehicles and the automobile industry.
In the 10th round of bidding for CGD projects, MEIL was granted three GAs in Andhra Pradesh, Telangana and Karnataka.
Hyderabad-based MEIL is among the significant infrastructure firms in India, having a presence in about 10 nations.
Image Source
Also read: MEIL makes major breakthrough in Zojila La tunnel project
Also read: Petroleum regulator nods 33,764 km natural gas pipeline network
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
