Maytas may get more time

Hyderabad
June 30: The state government has decided to give some more time to the beleaguered Maytas Infra to achieve financial closure for the Hyderabad Metro Rail project. On the last day to achieve financial closure, Maytas Infra management submitted a letter to the Chief Minister, Dr Y.S. Rajasekhar Reddy, telling him that it was talking to several financial institutions to finalise the closure and needs more time.
Though the Chief Minister has not formally responded, it is learnt that government has decided to give some more time to the company, a twin of the scam-tainted Satyam.