The Andhra Pradesh government is likely to bring out a report in a day or two on the status of government projects being developed by the Maytas firms, promoted by the family of disgraced Satyam founder B Ramalinga Raju.
"We will announce the status of the projects assigned by the government to both the Maytas companies (Maytas Infra and Maytas Properties) in a day or two," state Finance Minister K Rosaiah told reporters here today.
The report will also reveal the agreements the state government signed with the company, he added.
Refuting the allegations from the opposition parties, Rosaiah said, "All the works have been awarded on the bidding basis only."
He further added, Maytas had commenced its operations under the previous government.
The state government has sanctioned projects worth Rs 30,000 crore, including Hyderabad Metro, to the two Maytas firms.
Maytas Infra is promoted by Taja Raju, the son of Ramalinga Raju, who had admitted to fudging company accounts.
Interestingly, Maytas had commenced its operations in 1997-98 with a meagre turnover of Rs 40 crore and its revenue grew in 2005-06 to Rs 396 crore.
It had zoomed to Rs 782.82 crore for the year 2006-07 and Rs 1,873.93 crore for the year 2007-08, the minister said.
