The Board of Approvals for SEZs has reportedly granted one more year of
validity to Mahindra Satyam for its three SEZ projects in Andhra Pradesh. The
company could now complete the projects by June 2011.
The validity of the formal approvals for its IT-ITES SEZs at Madhapur,
Bahadurpally (both in Hyderabad) and Thotlakonda (near Visakhapatnam) is set to
expire in June 2010.
While the 12-ha
Madhapur SEZ and 10.5-ha
Bahadurpally SEZs were notified in June 2006, the 20-ha
Thotlakonda SEZ was notified in June 2007.
In Phase I of the Madhapur SEZ, the company developed 2.41 lakh sq ft of
space, while Phase II is scheduled to be completed in September 2010.