Here is another EPC company from Hyderabad that has got PE funding. Small and medium enterprises focused firm BTS India Private Equity Fund Ltd and VentureEast have invested Rs. 48 crore in Saisudhir Infrastructures Ltd, an infrastructure engineering and construction company based out of Hyderabad. While BTS has put in Rs 32 crore, the rest of the amount has been invested by VenturEast.
The investment will be used to fund the company's next level of growth, expand engineering capacities, and also for providing the working capital for completing medium to large infrastructure projects.
With the current investment, BTS has concluded six investments from its recently launched BTS India Private Equity Fund, a release from the firm said. According to K Srinivas, Managing Partner, BTS Investment Advisors Pvt Ltd, their investment will help the company become one of the preferred EPC companies in its focus areas of water supply, solid waste management and power sector.”
D. Sreedhar Reddy, Managing Director of Saisudhir, said: “The current round of capital rising is a step towards undertaking larger projects, broadening the reach of the company to other states and to take up the company towards its target of crossing Rs. 500 crore in sales within the next couple of years.”
Saisudhir has done large water based projects for governments in Andhra Pradesh. and Karnataka. It plans to participate in the bidding for upcoming large water based and solid waste management projects being tendered in various states.
It also plans to enter the transmission and distribution business in power sector. The company has set up electrical sub-stations and plans to set up full fledged operations in this segment.