MEIL to Invest Up to ₹40,000 Crore in 3 Years, Targets ₹2 Lakh Crore Topline in 5 Years

Megha Engineering & Infrastructures Ltd (MEIL) Group plans to invest ₹30,000-40,000 crore over the next two to three years, as per an Economic Times report.  

The investment will be used for manufacturing facilities and businesses such as cell and battery manufacturing and physical intelligence, Managing Director P.V. Krishna Reddy said. 

The Hyderabad-based group has also set a target of achieving a topline of ₹2 lakh crore within five years. Group revenue stood at around ₹60,000 crore in the last financial year and is expected to touch nearly ₹80,000 crore this year. 

Manufacturing Expansion Planned 

Olectra Greentech Ltd, part of the MEIL Group, currently manufactures electric buses at its Telangana facility, which has an installed capacity of 10,000 buses a year. The plant is producing more than 4,000 buses annually and has pending orders of 8,000-10,000 units. 

The company is evaluating two additional manufacturing locations. Discussions are underway with multiple state governments. The final locations will depend on the incentives and policy support offered by the states. 

IPO Pipeline Takes Shape 

MEIL also plans to list some of its subsidiaries over the next few years. Evey Trans Pvt Ltd is expected to be the first company to file for an initial public offering, followed by the defence and city gas distribution businesses. 

Founded in 2018, Evey Trans operates electric buses in Mumbai, Pune, Hyderabad, Surat, Goa, Nagpur, Dehradun and Silvassa. The company is currently the country's only operator with a fully electric bus fleet. 

Diversified Operations 

MEIL operates across 13 business verticals, including infrastructure, defence manufacturing, electric mobility, city gas distribution, and offshore and onshore rig manufacturing. The infrastructure business contributes around 60% of the group's revenue. 

The group also has around 10 million city gas connections and employs nearly 40,000 people directly, while supporting about three lakh jobs indirectly. Separately, MEIL recently formed a joint venture with Abu Dhabi-based Analogue for physical intelligence. The venture has committed investments of $300-500 million over the next five years. 

Read More: India's Equity, Bond Fundraising Declines in H1 2026; M&A Activity Rises 31%! 

Conclusion 

Alongside investments in new technologies and manufacturing, MEIL is preparing selected subsidiaries for listing while targeting a ₹2 lakh crore topline over five years. 

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