MEIL to Invest ₹40,000 Cr, Targets ₹2 Lakh Cr Revenue in 5 Years

Megha Engineering & Infrastructures Ltd (MEIL) Group plans to invest up to ₹40,000 crore in capital expenditure over the next two to three years to accelerate its expansion and achieve a revenue target of ₹2 lakh crore within five years. As part of its long-term growth strategy, the infrastructure major also intends to list one subsidiary every couple of years, starting with its electric mobility arm, Evey Trans Pvt Ltd, followed by businesses in defence, gas distribution and other sectors. The planned investments and IPO roadmap are aimed at strengthening MEIL's presence across infrastructure, mobility and emerging industries while unlocking value from its diversified portfolio.

News by Rahul Yelligetti.