Megha Engineering, situated in Hyderabad, is BJP, Congress, and BRS’s biggest electoral bond donor
Hyderabad: Megha Engineering & Infrastructures Ltd. (MEIL) was founded in 1989 and is located in Hyderabad. It is the greatest provider of electoral bonds to the BJP and BRS and the second largest donor to the Congress.
MEIL provided the BJP with a total of Rs 664 crore, together with its parent firm, Western UP Power Transmission Co. Ltd. (WUPTL). Congress received Rs 110 crore from WUPTL. BRS received Rs 195 crore from MEIL.
Additionally, it contributes the second most to the YSRCP (Rs 37 crore) and TDP (Rs 28 crore).
Known by its Hyderabadi nickname, Megha Group, it donated Rs 1,232 crore to political parties between April 2019 and November 2023, both directly and via affiliated companies: MEIL donated Rs 966 crore, WUPTL donated Rs 220 crore, SEPC Power donated 40 crore, and Evey Trans Pvt Ltd donated 6 crore. As previously mentioned, it was the second-largest EB buyer after Future Gaming and related businesses owned by Santiago Martin.
Megha began modestly in 1989. The business was started by Pamireddy Pitchi Reddy, an Andhra Pradesh farmer’s son, and his nephew Puritipati Venkata Krishna Reddy turned it into one of the biggest engineering and construction firms in India.
Megha needed ten years to reach a Rs 100 crore turnover. But today, it’s an Indian multinational corporation with a revenue of Rs 40,000 crore and operations in more than 20 nations. Megha has constructed more than 700 kilometres of national roadways. Currently, it is constructing 40 road projects spanning 2,000 kilometres around the nation.
