MAYTAS BAGS RS 110-CR RLY PROJECT

Hyderabad based Maytas Infra a contruction company has bagged a Rs 110-cr railway project from the southern railway for doubling the broad gauge tract from Chengalpattu to Vilupuram.

The project, a joint venture with CT Ramanathan, is set to be executed within 18 months from the date of agreement according to a release. "We look forward to deliver this project on time using our strengths of people, machinery and technology," Maytas infra chief financial officer W Rama Raju said. Maytas Infra surged over 2% and was trading at Rs. 164 in the late afternoon trade on the Bombay Stock Exchange.
Courtesy : ET dtd:-7th Jan 2009.