All posts tagged: Megha Engineering

Firm among top poll bond buyers bags MSRDC contract | Mumbai News

Published by Parlour News

The Maharashtra State Road Development Corporation (MSRDC) has awarded contracts for several projects, including one to Hyderabad based firm Megha Engineering — which has bagged four bids to build various sections of the Alibaug Virar Multi Modal Corridor (MMC), and the Pune Ring Road. Megha Engineering was recently in the news for purchasing electoral bonds, most of which were redeemed by the ruling BJP. The company is already engaged in other major infrastructure projects in Mumbai and the MMR, such as the BMC’s road contracts and the MMRDA’s twin tunnel project civil works. The construction of the access-controlled expressway connector to Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded has been awarded to Roadway Solutions India Infra Limited. This project includes Package 6 Part-A, covering 13.434 km from Borgaon to Degloor in Nanded district on National Highway (NH161), and Part-B, which involves improving the road from Hingoli Gate to Chatrapati Chowk in Nanded City. It also includes a flyover and a bridge across the Godavari River, spanning 4.48 km. The total value …

Meet Megha Engineering Founder, Farmer’s Son Who Lives In A ‘Diamond House’

Published by Webster

The CBI has registered a case of bribery against Megha Engineering. Megha Engineering and Infrastructures Ltd, which has emerged as the second-biggest buyer of electoral bonds and is the subject of a bribery case filed by the CBI, is owned by a billionaire who is the fifth child of a farmer from Andhra Pradesh’s Krishna district. Refusing to let his humble beginnings prevent him from sowing the seeds of what would become a behemoth valued at Rs 67,500 crore, Pamireddy Pitchi Reddy himself commands a personal net worth of $2.3 billion (approximately Rs 19,230 crore), according to Forbes. He also now lives in a house in Hyderabad which is shaped like a diamond. PP Reddy started the company with a capital of just Rs 5 lakh from a shed at Balanagar in Hyderabad under the name of Megha Engineering Enterprises and built pipes for municipalities. His nephew, PV Krishna Reddy, joined the company two years later and the two men slowly branched out into building roads and taking up small infrastructure projects, eventually changing the …

From a small shed with Rs 5 lakh, how uncle-nephew Reddy duo built Megha Engineering, second-largest bond donor | Hyderabad News

Published by Parlour News

FROM A small shed they set up with Rs 5 lakh capital to manufacturing pipes for local civic works to one of the largest engineering and infrastructure companies – Pamireddy Pichi Reddy and his nephew P V Krishna Reddy have come a long way. According to data made public by the Election Commission, their firm, Hyderabad-headquartered infrastructure firm Megha Engineering & Infrastructure Ltd (MEIL), is the second-largest purchaser of electoral bonds at Rs 821 crore. In 1989, P P Reddy, hailing from a farmer’s family in Krishna district of Andhra Pradesh, set up the shed at Balanagar in Hyderabad by the name of Megha Engineering Enterprises. He was joined by his nephew P V Krishna Reddy in 1991. In a few years, they expanded to constructing roads and small infrastructure projects. In 2006, P P Reddy changed the firm’s name to Megha Engineering and Infrastructure Limited and entered into major projects like constructing power plants, highways, irrigation projects, and natural gas distribution projects in several cities. Industry insiders say it is Krishna Reddy’s enterprise and …