Political parties often rely on substantial funding to sustain their operations and campaigns. While many companies contribute to these parties, today we’ll shed light on one particular company that has contributed the most to the BJP. Future Gaming and Hotel Services, a company that primarily invests in electoral bonds, emerges as a significant contributor to political parties. Let’s delve into the details of the companies that have provided substantial funds to the BJP.
The Major Beneficiaries of Electoral Bonds
The BJP has received contributions from various corporate groups and individuals associated with companies such as Megha Engineering, Future Gaming, and Reliance, among others. Over the past four years, the party has amassed more than 6000 crore rupees through electoral bonds.
Megha Engineering’s Generous Contribution
According to data released by the Election Commission, Megha Engineering from Hyderabad has contributed 584 crore rupees, Quick Supply has donated 395 crore rupees, and Future Gaming has provided 100 crore rupees. Let’s explore Megha Engineering, the company that has emerged as the top contributor to the BJP.
A History of Substantial Bond Purchases
Megha Engineering, based in Hyderabad, has invested a total of 966 crore rupees in bonds over the past five years. The company operates across various sectors such as irrigation, transportation, and electricity.
Other Contributors to the BJP
Apart from Megha Engineering, the BJP has received significant contributions from Conventors Food Park, MKJ Enterprises, and Madanlal Limited, totaling 346 crore rupees. All three companies are based in Kolkata. Additionally, Vedanta has donated 226 crore rupees, and Haldia Energy has contributed 81 crore rupees to the party.
Contributions to Other Parties
Vedanta has also provided financial support to the Congress, amounting to 125 crore rupees. Western UP Power and Transmission, MKJ Enterprises, and Yashoda Super Specialty Hospitals have also contributed to opposition parties.
More Contributions to the BJP
The BJP has received 80 crore rupees from Western UP Power and Transmission and 42 crore rupees from Welspun. These companies primarily engage in government projects. Notably, Megha Engineering has undertaken significant projects like the Kaleshwaram Lift Irrigation Scheme in Telangana.
Unveiling Megha Engineering and Infrastructure Limited
Officially known as Megha Engineering and Infrastructure Limited (MEIL), the company was established in 1989 and transitioned into its current form in 2006. Initially a small contracting firm, MEIL has grown to become one of the country’s largest infrastructure companies. Operating mainly in government projects, MEIL operates in approximately 15 states across India, expanding its business into areas such as irrigation, transportation, and electricity. Presently, the company is involved in the construction of Olectra Electric Buses.
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