International Business

Maytas Infra says ministry has asked PGCIL to release funds

Hyderabad-based Maytas Infra today said that the Ministry of Corporate Affairs has asked state-run Power Grid Corporation of India (PGCIL) to allow the infrastructure firm continue work on two projects it had bagged earlier and also release the required funds. However, Maytas is awaiting a response from the Power Grid board, which is expected to take a decision shortly, it said in a statement. Maytas Infrastructure at present has a order book worth Rs 8,000 crore.


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