|
|
Article: NCC to review Maytas's ability to pool funds for port proj.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- January 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NCC to review Maytas's ability to pool funds for port proj
Hyderabad Jan 10 (PTI) -- Nagarjuna Construction Company (NCC), a consortium partner with the Maytas Infra in the Rs 1,200-crore Machilipatnam Sea Port project, is likely to review the latter's potential of raising funds.
"We will take a call on it (its ability to rise funds) at the appropriate time," Y D Murty, a Senior Executive of Nagarjuna Construction told PTI.
However, he added, "we will continue with the present consortium (including Maytas) for now and if any of the members fail in bring finances, others will contribute." In the back drop of rating agency ICRA downgrading the ...