PE Fund Investments
Telecom-focused Annu Projects attracts funding from Chanakya Opportunities Fund
Ranchi-headquartered Annu Projects , a provider of telecom network construction solutions on a turnkey basis, has raised funding from Chanakya Opportunities Fund through a preferential issue, to meet its working capital requirements.The firm, formerly known as Annu Infra Construct, develops and maintains infrastructure across sectors such as telecommunications, sewerage systems, gas pipelines, and power. The company has secured work orders under BharatNet Phase III for all 16 packages, totalling INR 65,000 crore in 2024.Founded in 2003, the company has executed several projects for significant government entities involved in telecom and infrastructure projects. In FY 2023-2024, the company reported revenue from operations of INR 153.53 crore, an increase from INR 128.91 crore in FY23.
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