Electoral Bond Buyer: Megha Engineering and Infrastructures Ltd. (MEIL) has a diverse portfolio that ranges from all-weather tunnels to high-speed rail infrastructure.
Megha Engineering has gone viral on social media since the Election Commission revealed that the company was among the biggest donors to political parties in the last 5 years. Data released by the poll panel showed that the company donated ₹ 966 crore through electoral bonds between April 12, 2019, and January 24, 2024.
A subsidiary of the firm, Western UP Power Transmission Co Ltd, also bought electoral bonds worth ₹ 220 crores in this period.
Electoral bonds, which allowed individuals and businesses to donate money to political parties without declaring it, were struck down by the Supreme Court last month. The court ruled the scheme as unconstitutional and said that it could lead to a possible quid pro quo.
Data put out by the Election Commission showed that Future Gaming and Megha Engineering were the biggest political donors, and bought electoral bonds worth ₹ 1,368 crore and ₹ 1,168 crore respectively.
Established in 1989, Megha Engineering and Infrastructures Ltd. (MEIL) has a diverse portfolio that ranges from all-weather tunnels to high-speed rail infrastructure.
One of the Hyderabad-based company’s standout projects includes the construction of the Zoji La tunnel, a vital link connecting Srinagar to Ladakh throughout the year. The company has also secured the Thane-Borivali tunnel project in Mumbai.
Megha Engineering is also involved in constructing the Bandra-Kurla Complex station for India’s first bullet train project.
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The company also controls Associated Broadcasting Co. Pvt. Ltd., which owns regional news channels under the TV9 brand.