3i India Infrastructure Fund invests USD 101 mn in Soma

Mumbai, Nov 29 (UNI) 3i India Infrastructure Fund, an investment fund established by 3i Group, has invested USD 101 million for a minority stake in Soma Enterprise Limited, a Hyderabad-based engineering and construction firm.

Established in 1997, Soma Enterprise with an order book in excess of USD 1.6 billion, is a leading player in the infrastructure construction industry, specialising in multi-disciplinary engineering, procurement and construction (EPC) contracts across segments such as roads, irrigation, hydropower and urban infrastructure.

Anil Ahuja, managing director and co-head of 3i Asia, said on the transaction, ''With activity and investment in Indian infrastructure increasing dramatically, the engineering and construction space will continue to exhibit robust growth.'' UNI