3i India Infrastructure Fund, an investment fund of private equity company 3i
Group Plc, has invested in KMC Infratech (KMCIL), a subsidiary of Hyderabad
based construction company KMC Constructions.
3i has pumped in Rs 500 crore as equity in KMCIL. The proposed funds, KMCIL's
current book size and projected revenues will give it the capability to bid for
projects with a size of Rs 3,000 crore and above.
Currently, KMCIL has a BOT order book of 10 projects worth Rs 11,000 crore,
which includes two tollways - a Rs 3,000 crore Gurgaon-Jaipur Pink City stretch
and Nellore-Chilkaluripeta (Andhra Pradesh) part of Rs 2,500 crore.