Hyderabad-based MEIL plans to sell its city gas distribution arm, MCGDPL, due to corruption allegations.
Hyderabad-based infrastructure firm Megha Engineering and Infrastructures (MEIL) plans to sell its city gas distribution arm, Megha City Gas Distribution (MCGDPL), due to corruption allegations. MEIL, the second-largest electoral bond buyer, has approached Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp, and Indraprastha Gas for potential acquisition. MCGDPL operates in 62 districts across ten states and holds licenses for city gas distribution networks.
May 27, 2024
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