MCA’s power push for Maytas Infra

MCA’s power push for Maytas Infra
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First Published: Thu, Jul 16 2009. 01 02 AM IST
Updated: Thu, Jul 16 2009. 01 02 AM IST
New Delhi: The ministry of corporate affairs, worried about the health of Maytas Infra Ltd, has written to the power ministry to award rural electrification projects to the troubled company, ministry officials said on condition of anonymity.
The ministry has sought allotment of at least three such projects, including those in Midnapore, West Bengal, and Jaipur, the officials said.
Top executives of some public sector power companies confirmed they had released funds to Maytas for executing the power projects after assurance from the Union government and adding stringent clauses.
cnbctv18@livemint.com
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First Published: Thu, Jul 16 2009. 01 02 AM IST