Megha Company grabs Polavaram Re-Tender

Vastavam web: The Polavaram re-tender has been acquired by Megha Engineering Works. The Jagan-led AP government invited the reverse tender for Rs 4,987 crores. Megha Krishna Reddy’s company grabbed the tender by quoting just Rs 4,358 crores, which is 12.6% lesser than the government tender value. With the new acquisition of the tender, the AP government has saved Rs 629 crores. The tender includes the construction of the Polavaram headworks, earth and rockfill dam and the hydroelectric project. Megha had earlier constructed KCR’s pet project Kaleswaram lift irrigation project.