Grapevine: Megha Engineering to sell city gas unit; Hyundai Motor picks IPO bankers

By Sreeja Biswas

  • 27 May 2024
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Credit: Thinkstock

Hyderabad-based Megha Engineering and Infrastructures Ltd (MEIL) is selling its city gas distribution arm, Megha City Gas Distribution Pvt Ltd (MCGDPL), a media report said.  The company, facing corruption allegations, has approached Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp, and Indraprastha Gas for the potential sale, The Economic Times ......

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