GKC Projects is involved in construction services in areas such as highways, irrigation, power, water supply, etc.

Franklin Templeton, India's private equity arm, has invested up to Rs 60 crore in Hyderabad-based GKC Projects Pvt Ltd, involved in construction services in areas such as highways, irrigation, industrial infrastructure/power and water supply projects.

The company, earlier known as Gokulkrishna Constructions Pvt Ltd, plans to expand to areas such as railways, mining and BOT projects. The funds will be used to execute current projects and enable acquisition of larger projects. Veda Corporate Advisors was the banker to GKC on the deal.

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Posted by rjorr at December 24, 2009 7:19 PM