 "P V Krishna Reddy, managing director of Megha Engineering and Infrastructure")
Hyderabad-based Megha Engineering and Infrastructure (MEIL) is betting big on not just government contracts but also buying Union government equity in public sector companies.
The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML. In an interview, P V Krishna Reddy, managing director of the company, said it was looking at opportunities in disinvestment.
“Opportunities are there. Besides, buying Neelachal Ispat will be backward integration. We buy more than 1 million tonnes of steel (for projects),” he added.
The group will also be looking at an initial public offering sometime
The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML. In an interview, P V Krishna Reddy, managing director of the company, said it was looking at opportunities in disinvestment.
“Opportunities are there. Besides, buying Neelachal Ispat will be backward integration. We buy more than 1 million tonnes of steel (for projects),” he added.
The group will also be looking at an initial public offering sometime
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