The second-largest purchaser of electoral bonds is this company. They Made a Donation

Purchaser of Electoral Bonds: Megha Engineering and Infrastructures Ltd. (MEIL) possesses a varied portfolio that includes high-speed rail infrastructure and all-weather tunnels

Delhi, New: Following the Election Commission’s disclosure that Megha Engineering was one of the largest contributors to political parties over the previous five years, the company has become extremely popular on social media. The corporation donated ₹ 966 crore through electoral bonds between April 12, 2019, and January 24, 2024, according to data made public by the election panel.
During this time, Western UP Power Transmission Co Ltd, a subsidiary of the company, also purchased electoral bonds for ₹ 220 crores.

The Supreme Court overturned electoral bonds last month, which permitted people and organizations to give money to political parties covertly. The plan was declared unlawful by the court, which also noted that it might result in a quid pro quo.

The largest political donors, Future Gaming and Megha Engineering, purchased electoral bonds valued at ₹ 1,368 crore and ₹ 1,168 crore, respectively, according to data released by the Election Commission.

Megha Engineering and Infrastructures Ltd. (MEIL), which was founded in 1989, has a broad portfolio that includes high-speed rail infrastructure and all-weather tunnels.

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One of the most notable initiatives of the Hyderabad-based company is building the Zoji La tunnel, which is an essential conduit that connects Srinagar and Ladakh year-round. The Mumbai Thane-Borivali tunnel project has also been awarded to the business.

As part of India’s first bullet train project, Megha Engineering is building the Bandra-Kurla Complex station in collaboration with Hindustan Construction Co. Ltd.

Additionally, the business is in charge of Associated Broadcasting Co. Pvt. Ltd., which is the owner of regional news stations marketed as TV9.

Axis Bank-Hurun India study from February 2024 states that Megha Engineering is one of India’s best-performing unlisted companies, valued at ₹ 67,500 crore. By virtue of his ₹ 37,300 crore net worth, its creator, P Pitchi Reddy, is one of the wealthiest people in India (‘360 One Wealth Hurun India Rich List 2023’). Just the past year has seen an increase in his net worth of ₹ 24,700 crore.