Hyderabad-based Indu Projects Limited, one of India's fastest growing infrastructure majors, has received an investment of US $77 million (Rs 325 crore) from Swiss banking major Credite Suisse.

This is the first tranche of an overall committed investment of US $113 million (Rs 476 crore). Avendus Capital has been the Sole Advisor to this transaction.

Indu Projects Limited is an end-to-end solutions provider in Infrastructure and Real Estate, with operations spread across the country. Incorporated in 2001, the group has grown enormously with over 1300 strong work force.

The company has expertise in developing IT parks, IT SEZ, Townships, Shopping Malls, Multiplexes, Hotels, Theme Ventures and core infrastructure like Irrigation projects, Energy projects and Roads.

Indu Projects plans to enter contract coal mining in the next few months. Besides this, the company also has plans to build health cities, agro food parks and rural transformation centres as part of its theme ventures operations.