Satyam Gets New Orders From Clients
There does seem some light at the end of the tunnel after all. Satyam which is currently synonomous to scam, has reportedly got some prestiguous and high budget new orders from clients. In the wake of the current news on Satyam, this seems to be really surprising. The company is learnt to have bagged two new projects.
An internal mail shows Satyam has received a pilot project from the Centre for Railway Information System, which if executed successfully would land it a contract valued at around Rs 2,000 crore. The second project is from Malaysian Airlines which is also said to be worth crores.
“Last week, all the employees were reeling under the spate of bad news. The government intervention has really helped alleviate the gloominess. Bagging of big projects will ensure free flow of funds,” said a person familiar with the development.
Meanwhile, the existing Satyam management is leaving no stone unturned to convince its employees of job security. To clear any doubts on the recent developments, it has started a helpline for employees who can seek any clarifications.
On Monday, Satyam Computer shares ended up 44.84 per cent at Rs 34.40 on the NSE, after touching a high of Rs 39.90 earlier in the day.
Related News on Satyam Scam:
- CID Conducts Raid On Satyam Premises - The Government is leaving no stone unturned and is keen...
- Major Clients To Move Out Of Satyam Post Scam Fiasco - The major fear of the Satyam employees and investors slowly...
- TCS Gets Satyam’s World Bank Project - TCS seems to have made most out of the Satyam’s...
- Satyam HR Says No Salary Cuts For Employees - Despite business analysts going all out to question Satyam’s financial...
- Narayan Murthy Should Rescue Satyam - In a state where no one seems to be ready...
To Receive latest news on the Satyam Scandal and Satyam Stock Updates

