Maytas mulls roping in Reliance for Metro project
Hyderabad, pti:
Maytas Infrastructure, majority-owned by the family of scam-hit IT firm Satyam’s disgraced founder B Ramalinga Raju, is believed to have proposed bringing in Reliance Infra as a partner in the prestigious Rs 12,200-crore metro rail project here.
Sources said Maytas officials had approached Anil Ambani group firm last week on the issue. In the proposed structure, Reliance Infra could be given 84 per cent stake, while Maytas’ holding could fall to as low as 16 per cent, sources said. Reliance Infra chief Lalit Jalan had previously said the company would consider bidding for the project, if the government calls for fresh bids. The project comprises three corridors with a total of 66 stations.
