Maytas unfazed by Satyam pullout

Hyderabad: Maytas Infrastructure is undeterred by Satyam Computer Services’ decision to call off the acquisition plans.
"The transaction is between Satyam and the shareholders of Maytas Infra. There won’t be any positive impact if the deal is through and any negative implications if it isn’t," VV R Raju, CFO of Maytas Infra, told Business Standard.
Funding its ongoing projects is not on issue, he said. Currently, the company has more than Rs 11,000-crore orders on hand to be executed in 30-36 months, he said, adding, "We normally go for working capital loans to fund our projects and will continue to do so as the orders get accrued."
Maytas Infra, a 23-year-old company that went public in October 2007, is engaged in the business of infrastructure construction and asset development encompassing core areas such as highways, metro and railways, ports, transport management systems, airports, power, oil and gas, irrigation and water treatment.
18/12/08 Business Standard

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Categories: Airports Dec 2008