Maytas Infra wins Rs.1.1-bn Railway contract

January 18th, 2009 BHUBANESWAR - Maytas Infra, the infrastructure company linked to scam-tainted Satyam Computer Services, has lost a contract from Vedanta Alumina to develop an integrated township in Orissa, Vedanta said here Monday. 'We have terminated the contract.

February 4th, 2009 HYDERABAD - Maytas Infra, owned by former chairman of Satyam Computer Services B. Ramalinga Raju's family, has issued a legal notice to Vendanta Aluminum Ltd for 'fraudulently and illegally' encashing two bank guarantees worth Rs.640 million (Rs.64 crore) and for not clearing admitted dues.

February 2nd, 2009 BHUBANESWAR - Maytas Infra - the infrastructure company floated by the promoter-family of scam-tainted Satyam Computer Services - has lost another project in Orissa. Hyderabad-based KVK Energy, which is setting up a Rs.50-billion (Rs.5,000-crore), 1,050 MW coal-fired power project in Cuttack district, Tuesday said Maytas was no longer its joint venture partner.

February 26th, 2009 HYDERABAD - Maytas Infra, the infrastructure firm owned by the son of disgraced former chairman of Satyam Computer Services B. Ramalinga Raju, has filed a criminal case against Vedanta Aluminium and eight of its employees for 'fraudulently' encashing bank guarantees without terminating a contract between them.

January 7th, 2009 HYDERABAD - The resignation of R.C. Sinha as the chairman of Maytas Infra, the infrastructure firm promoted by a son of fraud-tainted Satyam Computer chief B.

January 19th, 2009 HYDERABAD - Maytas Infra Tuesday denied it received any funds from scam-tainted Satyam Computer Services, and that there was a nexus between the two companies. The denial came a day after the central government extended the ambit of probe into Satyam fraud to Maytas Infra and Maytas Proprties, promoted by two sons of disgraced founder and former chairman of Satyam B.

January 18th, 2009 HYDERABAD - P.K. Madhav, chief executive of Maytas Infra, promoted by disgraced founder and former chairman of Satyam Computer Services B.

January 21st, 2009 HYDERABAD - Maytas Infra Limited, promoted by the family of disgraced Satyam Computer Services founder B. Ramalinga Raju, Thursday sought extension of time to announce the financial results for Oct-Dec 2008 quarter as its account books are being inspected by Registrar of Companies and the Serious Fraud Investigation Office.

January 19th, 2009 HYDERABAD - Maytas Infra and Maytas Properties, promoted by the sons of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju, Tuesday denied that they received any funds from the fraud-hit IT bellwether.

January 8th, 2009 KATHMANDU - As skeletons began tumbling out of the cupboards of India's IT bellwether company Satyam and the infrastructure company associated with it, Maytas Infra, there is also growing doubt about the latter's bid to foray into Nepal's hydropower sector. Maytas Infra - whose chairman resigned this week after one of its chief promoters, Satyam chief B.

January 8th, 2009 CHENNAI - Andhra Pradesh Chief Minister Y.S. Rajasekara Reddy Friday said the government may take a re-look at projects awarded to Maytas Infra, run by the sons of former Satyam Computer chairman B.

February 16th, 2009 NEW DELHI/HYDERABAD - The government Tuesday moved the Company Law Board to remove the board of directors of Maytas Infrastructure and Maytas Properties, the infrastructure firms promoted by disgraced Satyam founder B. Ramalinga Raju's family.

January 29th, 2009 HYDERABAD - C.S. Bansal Friday resigned as director of Maytas Infra Limited, the firm promoted by disgraced founder and former chairman of Satyam Computer Services B.

January 7th, 2009 HYDERABAD - Mendu Rammohan Rao, dean of the prestigious International School of Business (ISB) here, Thursday resigned from his position in the wake of the financial fraud at Satyam Computers. He was a member of the Satyam board when the irregularities were committed.

February 16th, 2009 NEW DELHI - The government Tuesday moved the Company Law Board to remove the board of directors of Maytas Infrastructure and Maytas Properties, the two infrastructure firms promoted by the family of B. Ramalinga Raju, the disgraced founder of Satyam Computer Services.