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09. March 2011

Coastal Projects takes over 26 % of Seli

from Geomechanics and Tunnelling 1/2011

The Indian construction company Coastal Projects Ltd. took over 26 % of the shares in the Italian construction and mechanical engineering company Seli – Societa Esecuzione Lavori Idraulica S.p.A. for 17.85 m € at the end of January 2011. Both companies intend to collaborate on projects in South Asia and particularly in India, above all in the large development projects to be expected soon.

They hope that working together will result in good business possibilities in the increasing number of mechanical tunnelling projects in the region. Coastal Projects Ltd. with their headquarters in the Southern Indian city of Hyderabad has specialised in tunnelling and the underground construction of hydropower stations, drainage, railway and road projects. The company has already completed more than 75 km of tunnels and a further 250 km are under construction, with an order book of about 1.24 bn €. The shareholders include capital investors like Barings, Sequoia Capital, Fidelity and the Deutsche Bank. Seli S.p.A. is active al over the world and has so far driven about 520 km of tunnels with mechanical equipment, and completed 68 projects successfully. Seli also builds machines for tunnel boring in rock and soft ground as well as accessories for mechanical tunnelling.