The Hinduja Group today said it was close to acquiring an Indian construction company in a bid to secure a foothold in India’s fast growing infrastructure sector, especially roads, and also announced an investment of $10 billion (around Rs 46,200 crore) in the power sector.“We have shortlisted a local company which we are buying ... When you have a local infrastructure company which has synergy then you can start much faster,” group’s global president G P Hinduja said. “We will retain them as minority partners.
The Hinduja policy is to have a minimum 51 per cent. This company is engaged in everything (construction ), in parking, roads, concessions, in bridges. But our focus will be on roads,” he said, adding the announcement will be made by March 15.