Reliance to bid for Hyderabad Metro Rail

New Delhi: Anil Ambani group's Reliance Infra is open to bidding for the over Rs 12,000 crore Hyderabad Metro Rail project if the current developer Maytas Infra, promoted by the family of scam-hit Satyam founder Mr Ramalinga Raju, is no longer with it.

“We will bid for the Hyderabad Metro Project, held by Maytas, if the bids for this are invited,” a Reliance Infra official, who did not want to be named, said.

Maytas Infra is under the scanner of investigating agencies in connection with the Rs 7,800-crore accounting fraud at Satyam Computer. Maytas recently sought extension for completing the financial closure for the Rs 12,132 crore project amid speculation that the Andhra Pradesh government might repeal the contract.

The official said that Reliance Infra had participated in the bidding process for the project last year but it was awarded to Maytas.
“So, why not (try) now again,” he added.
He said that the company is now executing two prestigious metro projects, in Mumbai and New Delhi, and had the expertise to execute the Hyderabad project.