"We have technically qualified for the companies we had bid for, which include Neelanchal lspat Nigam Ltd (NINL), BEML Ltd (previously Bharat Earth Movers Ltd) and Shipping Corp. of India Ltd (SCI). To fund these acquisitions, we would be raising up to ₹ 20,000 crore shortly," MEIL managing director P.V. Krishna Reddy said in an interview.