Global Environment Fund pumps Rs 115 cr in Saisudhir Infra

Hyderabad-based Saisudhir Infrastructures Limited, an infrastructure engineering and construction company, has raised Rs 115 crore in its second round of funding from Washington DC -based Global Environment Fund (GEF). Saisudhir Infra is an EPC player focussed on sectors like water supply, irrigation, solid waste management and sanitation segment.

Sai Sudhir raised Rs 48 crore in the first round of funding in 2008 from BTS India Private Equity Fund and VentureEast. Emails sent to GEF and Sai Sudhir Infra did not elicit a response at the time of publishing the article. The new round of funding will help the company to bid for larger projects. It also operates in the power, energy and road segments besides its focus areas. The firm now has an order book of Rs 1,000 crore over the next 12-18 months. Over the last three years, Sai Sudhir Infra has transformed from being primarily a sub-contractor on large infrastructure projects to a prime contractor, which is a relatively   higher margin business. Sai Sudhir Infra has worked on projects for companies like IVRCL Infrastructure and Projects Ltd and Karnataka Urban Water Supply and Drainage Board. Other clients include GAIL (India) Limited, NTPC Limited and National Highways Authority of India (NHAI). According to a CARE ratings report, Sai Sudhir Infra grew at a CAGR of about 118% from FY