Of the Rs 8,500 crore order book, irrigation projects in Andhra Pradesh account for Rs 5,000 crore and the balance includes roads, ports and power projects.

Investors may have to wait a while before the company presents its annual financial results for FY09 as the investigations are still on. “The Serious Frauds Investigation Office is studying the case and Maytas is co-operating fully. Till they complete investigations, it is not possible for the board to come up with the figures,” Jain said.

Apart from the promoters including Ramalinga Raju’s son Teja Raju, the government had appointed four members to Maytas board to prevent the company, which has over 2,000 employees, from sinking. The four members have been vested with all financial executive powers as per the order of the Company Law Board (CLB).

“He (Teja Raju) is co-operating well with the new board and is quite receptive. He is taking our decisions in good stride even as the new board has been vested with all powers regarding fund flow, cash flow and projects,” Anil K Agarwal, another government nominee on the board and ex-Assocham president said.