Megha Engineering Targets ₹2 Lakh Crore Revenue; EV Trans IPO on the Horizon

In a major development for the Indian infrastructure and green energy sector, Megha Engineering & Infrastructures Limited (MEIL) has unveiled an ambitious growth strategy. The group, which includes the publicly listed Olectra Greentech, is gearing up for a multi-stage entry into the IPO market. MD P.V. Krishna Reddy announced a massive capital expenditure plan of ₹30,000 to ₹40,000 crore over the next three years, with the long-term goal of scaling the group's annual turnover to ₹2 lakh crore within the next five years.

The First Big IPO: EV Trans Private Limited

The group's IPO journey will commence with EV Trans Private Limited, a key subsidiary that sits at the forefront of India’s electric public transport transition. As the country's first company to operate a 100% electric bus fleet, EV Trans has established itself as a pioneer in zero-emission mobility. Since its inception in 2018, the company has successfully deployed over 3,100 electric buses across 15 cities and 7 states, including major hubs like Mumbai, Bengaluru, Pune, and Hyderabad.

Revolutionizing Public Transport with Sustainable Tech

EV Trans is not just an operator; it is a full-stack solution provider. Under Gross Cost Contracts (GCCs) with various state transport departments, the company handles bus procurement—partnering with sister concern Olectra Greentech—as well as maintenance and the development of essential charging infrastructure. Their fleet is setting new benchmarks for public transport, featuring:

• Safety & Comfort: EU fire safety standards, panic alarms, AC, Wi-Fi, and USB charging ports.

• Performance: A robust range of up to 350 kilometers per charge.

• Unique Initiatives: Highlights include Nagpur’s popular women-only "Tejaswini" bus service and the introduction of India's first inter-city super-luxury electric buses on the Pune-Mumbai corridor.

A Massive Leap for Green Energy

The group’s financial outlook remains aggressive. Having achieved a turnover of approximately ₹60,000 crore last year, MEIL expects to hit ₹80,000 crore this fiscal year. While infrastructure remains the group's flagship driver, accounting for 60% of total revenue, the pivot toward green energy and electric mobility is expected to be a primary catalyst for reaching the ₹2 lakh crore milestone. By November 2025, EV Trans's fleet had already covered over 500 million kilometers, marking a significant contribution to reducing India's national CO2 emissions and positioning the company as a top-tier candidate for investors looking for sustainable growth opportunities in the electric vehicle (EV) sector.