Maytas in need of fund

Maytas in need of fund

Last Updated: May 06 2009 | 12:00 AM IST

Cash-strapped Indian builder Maytas Infra Ltd is negotiating with its 17 lenders, including State Bank of India (SBI). The board was expected to pursue 5 billion rupees in receivables from customers as part of a mandate to revive the company that has seen orders being cancelled and customers worrying over the company's credibility.

Other Videos