Andhra Pradesh Chief Minister Rajasekhara Reddy said today that the state government is reviewing the ability of Ramalinga Raju's family promoted Maytas to carry out the works awarded to it. "I have asked the Chief Secretary to review all the projects in the wake of Satyam's fraud to find out their (Maytas) ability to complete the awarded projects on time, he told reporters here.
He hoped that the Rs 7,800 crore Satyam fraud will not hinder the development of infrastructure and irrigation works awarded to the company.
It was Satyam's bid to acquire Maytas that had first exposed trouble in the company.
Vouching that the irrigation works assigned to Maytas and its partners are progressing as per schedule, Reddy said as per the agreements, other consortium partners are also jointly responsible to complete the project.
He said Maytas and its joint venture partners together have been awarded Rs 13,000 crore worth of works out of Rs 38,000 crore Pranahita-Chevella lift irrigation project. The company was already implementing irrigation projects at a cost of Rs 3,000 crore and had completed Rs 1,748 crore worth irrigation works in the state.
