Divestiture • Utilities

Meil Acquires Taqa Neyveli Power

On October 30, 2025, Meil acquired utilities company Taqa Neyveli Power from TAQA Group for 9.3B INR

Acquisition Context
  • This is Meil’s 1st transaction in the Utilities sector.
  • This is Meil’s 0th largest (disclosed) transaction.
  • This is Meil’s 1st transaction in India.

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M&A Deal Summary

Date October 30, 2025
Target Taqa Neyveli Power
Sector Utilities
Buyer(s) Meil
Sellers(s) TAQA Group
Deal Type Divestiture
Deal Value 9.3B INR

Target Company

Taqa Neyveli Power

Cuddalore, India
Taqa Neyveli Power operates a 250 MW lignite‑based power plant in Neyveli, supplies electricity to the Tamil Nadu state grid, and other customers. Taqa Neyveli Power is based in Cuddalore, India.
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Buyer Overview 1

Buyer

Meil

Hyderabad, India

Category Company
Founded 1989
Sector Infrastructure
DESCRIPTION

Meil operates across multiple infrastructure sectors, including irrigation, transportation, power, hydrocarbons, manufacturing, and drinking water projects. Meil executes turnkey engineering, procurement, and construction (EPC) contracts in India and internationally for public and private sector clients. Meil was founded in 1989 and is headquartered in Hyderabad, Telangana.


Deal Context for Buyer #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Divestiture 1 of 1
Country: India 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

TAQA Group

Abu Dhabi, United Arab Emirates

Category Company
Founded 2005
Sector Oil/Gas Exploration
DESCRIPTION

TAQA Group is a diversified utilities and energy group with significant power and water generation, transmission, and distribution assets, as well as upstream and midstream oil and gas operations. TAQA Group was founded in 2005 and is headquartered in Abu Dhabi, UAE.


Deal Context for Seller #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Divestiture 1 of 1
Country: India 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-25 GS Inima

Madrid, Spain

GS Inima is an engineering and services company that designs, builds, finances, and operates water treatment and desalination facilities. GS Inima is based in Madrid, Spain.

Buy $1.2B

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