From correspondents in Andhra Pradesh, India, 03:06 PM IST

BTS India Private Equity Fund Limited today announced that it has concluded definitive agreement for investment of Rs. 320 million in SAISUDHIR Infrastructures Limited, fast growing infrastructure engineering / Construction Company based out of Hyderabad. The investment will focus on SAISUDHIR’s next level of growth and used for expanding engineering capacities along with providing the working capital for completing medium to large infrastructure projects. With this investment, BTS has concluded six investments from its recently launched BTS India Private Equity Fund.

According to Mr. K Srinivas, Managing Partner, BTS Investment Advisors Pvt Ltd, “We are happy to announce the investment in SAISUDHIR and work with the management towards further development of the company’s project management skills, to help achieve the company’s long term objective of becoming one of the preferred EPC companies in its focus areas of Water Supply, Solid Waste Management and Power Sector.”

Mr. D. Sreedhar Reddy, Managing Director of SAISUDHIR, commented “We are delighted to have BTS as our partner at this stage of growth of our company. 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. 5 billion in sales within the next couple of years”

SAISUDHIR is gearing up to begin execution of some of the larger water based projects that it has received from the Governments of A.P. and Karnataka and also intends to participate in the bidding for upcoming large water based and solid waste management projects being tendered in various states. Going forward, it also plans to enter the T&D sector by harnessing its experience of setting up electrical sub-stations and intends to set up full fledged operations for the same as well as undertaking BOOT projects.

Source: Press Release Distribution via India PRwire