MEIL Energy Acquires 250-MW Lignite Power Plant in Tamil Nadu for ₹926 Crore

MEIL Energy Private Ltd, a wholly-owned subsidiary of Megha Engineering & Infrastructures Ltd (MEIL), has acquired TAQA Neyveli Power Company Pvt Ltd from Abu Dhabi National Energy Company PJSC for ₹926 crore.

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 discom and a strong track record of delivering reliable and efficient power to meet the region’s growing energy needs.

“This acquisition is a milestone in our journey to own and operate high-quality energy assets, and it advances our long-term strategy of complementing EPC excellence with the ownership of core infrastructure assets. Our focus remains on expanding our footprint across the energy sector through strategic investments that enhance national energy security, ensure reliable supply, and support India’s long-term growth,” said Salil Kumar Mishra, CFO of MEIL Group, in a statement on Thursday.