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INFRASTRUCTURE HCC AND KRCL ENTER INTO STRATEGIC COLLABORATION Grade A parks and WSB’s strong investment management

ON LARGE-SCALE TRANSPORT PROJECTS IN INDIA &
capabilities, the partnership aims to deliver modern infrastructure
OVERSEAS
that helps businesses expand and grow.
KSH INFRA and WSB Real Estate Partners have entered into an asset-
Hindustan Construction Company Limited (HCC) has signed a
strategic Memorandum of Understanding (MoU) with Konkan
level joint venture, with WSB along with co-investors holding 74%
and KSH INFRA holding 26% in the venture. The model ensures clear
Railway Corporation Limited (KRCL) to jointly pursue and execute
alignment of interests, with WSB as the financial investor and KSH
large-scale railway and multi-modal transport infrastructure projects
across India and international markets.
are unequivocally defined. Both organisations see this as the start
The MoU establishes a framework for long-term collaboration that
brings together the complementary strengths of both organizations. INFRA as the development partner, where roles and responsibilities
of a larger strategic association. Plans include exploring multiple
HCC’s expertise in heavy civil construction and project execution investment opportunities in brownfield/ greenfield developments to
will be combined with KRCL’s proven capabilities in rail systems, expand their footprint further.
operations, and project implementation. Together, the partners will As the industrial and logistics segment matures into one of India’s
deliver integrated, end-to-end solutions across the full spectrum of sunrise sectors and draws increasing interest from private equity and
transport infrastructure, including civil works, track laying, signalling, HNI investors, the partnership between KSH INFRA and WSB aims to
electrification, MEP systems, operations and maintenance, and capitalise on this momentum by delivering Grade A facilities in the
other critical components of modern transport networks. Bengaluru and Hosur markets.
The partnership will particularly focus on complex assignments such Sharing his perspective on the partnership, Sundaresan
as underground and elevated metro systems, NATM tunnelling, Vaidyanthan, CEO of KSH INFRA, commented: “At KSH INFRA,
railway bridges, and large-scale EPC contracts. Both organizations alignment of interests remains a key principle in how we build
will jointly identify and bid for opportunities under varied contractual partnerships. Our HoldCo–PropCo–OpCo structure, supported by
frameworks, including EPC, design-build, unit-rate contracts, PPP a consistent track record of delivery, provides a strong foundation
arrangements, and other advanced procurement models. The for collaboration with financial partners. With WSB’s backing from
MoU also provides for the formation of joint ventures, consortia, marquee investors, this partnership is well-positioned to scale rapidly
or other collaborative structures tailored to project requirements. and create long-term value.”
Commenting on the development, Arjun Dhawan, Vice Chairman Speaking about the partnership, Vinit Prabhugaonkar, Managing
& Managing Director, HCC, said, “This MoU underscores HCC’s Partner at WSB, said: “WSB is eager to participate in India’s rapidly
commitment to creating synergies with public sector leaders like growing industrial and logistics real estate sector. In KSH INFRA, we
KRCL to meet the growing demand for technically advanced and identified a pan-India industrial development partner with robust
high-value infrastructure. By combining capabilities, we aim to systems, processes, and compliances in place. Alongside their
expand our presence in both domestic and international markets professional team, fully aligned and incentivised within the contours
while delivering fully integrated transport solutions that span civil of the deal structure, we are confident of delivering superior returns
construction and rail systems.” for our investors.”
Santosh Kumar Jha, Chairman & Managing Director, KRCL, KSH INFRA has built a strong presence in the industrial and logistics
added, “Konkan Railway Corporation is pleased to join hands sector with six parks across India, including three successful exits at
with HCC to jointly pursue infrastructure projects of national and Chakan I, Chakan II, and Talegaon. The company has delivered
international significance. With our combined expertise, we are well- 4 million sq. ft. in Chakan, Pune, and has another 3 million sq. ft.
positioned to execute complex projects, extend our operational under development in Bengaluru and Chennai. KSH INFRA is now
footprint, and contribute meaningfully to the advancement of targeting an additional 10 million sq. ft. of growth in Mumbai, Pune,
modern transport networks.” Bengaluru, and Chennai by FY 2030.
This strategic alliance is expected to unlock new opportunities for WSB Partners, formerly known as Walton Street India, was founded
both partners, reinforcing their ability to deliver world-class transport by Walton Street Capital’s ex-India team—Kaushik Desai, Vinit
infrastructure and contribute to the broader development of India’s Prabhugaonkar, and Vimal Jangla—together with the Blacksoil
and other nations’ infrastructure ecosystems. Group. Since 2013, WSB has committed about `4,000 crore in the
Indian real estate sector, investing in more than 70 transactions
KSH INFRA PARTNERS WITH WSB ANNOUNCE `450 across six metros, managing over 100 projects, and securing exits
CRORE INVESTMENT FOR 50-ACRE INDUSTRIAL & in over 70% of them.
LOGISTICS PARK IN BENGALURU
KSH INFRA and WSB Real Estate Partners (WSB), along with co- HON’BLE PRIME MINISTER SHRI NARENDRA MODI LAYS
investors, join hands to develop a 50-acre Industrial & Logistics Park FOUNDATION STONE OF SECI’S 300 MW(AC) SOLAR PV
in Hosur, Bengaluru. Of the total investment of `450 crore planned PROJECT AT RAMAGIRI, ANDHRA PRADESH
for KSH Hosur Park I, `180 Crore constitutes the equity, while the The Hon’ble Prime Minister, Shri Narendra Modi, laid the foundation
remaining comprises Construction Funding from Banks. The park, stone of the 300 MW(AC) Solar PV Project of Solar Energy Corporation
which was launched last year, has the potential to develop 1.25 of India Limited (SECI) at Ramagiri, Sri Sathya Sai District, Andhra
million sq. ft. of space and is expected to create jobs for more Pradesh virtually. This project is SECI’s largest self-owned solar PV
than 1,800 people. installation and marks a significant milestone in India’s renewable
By bringing together KSH INFRA’s expertise in developing sustainable energy journey.

40 CONSTRUCTION OPPORTUNITIES|SEPTEMBER 2025