Hyderabad, May 28, 2009: Dr. Ramalingam K, Chairman, Maytas Infra Limited has discussed and reviewed the operations and key issues of Maytas Infra during the last two days; .i.e. 27th May’09 & 28th May’09:

1. The first meeting of Project Monitoring Committee was convened on 27th May’09 where he reviewed all the ongoing projects of Irrigation and Power sectors. The nominees of ILFS, ICICI Bank and SBI were also present for this Project Monitoring Committee.
   
   
2. The Chairman has reviewed the progress on CDR process and the necessary steps to be taken. Earlier in the week, the Chairman and Mr. Anil K Agarwal, Govt. nominated director, have met Mr. Yogesh Agarwal, Chairman-IDBI Bank, Ms. Chanda Kochhar, MD & CEO-ICICI Bank, and Mr. AP Varma, MD & CEO-SBI Caps regarding the CDR package. The CDR process is expected to be completed shortly.
   
   
3. The Chairman has reviewed Hyderabad Metro project and also inspected the planned sites. He also discussed the recent developments and next steps to be taken with one of the consortium partners.
   
   
4. The Chairman also reviewed the pending legal cases, HR proposals, status of Plant & Machinery and raw material inventories in the Company. He also discussed with a few Joint Venture Partners related to Maytas Infra BOT projects regarding infusion of funds and early completion of the projects.