Given the current turmoil in the market and subsequent impact on real estate, Hindustan Construction Company has decided to put on hold its planned townships in Pune, Nasik and Thane. Land acquisitions for these projects have been deferred for now given the high interest rates and low liquidity in the market. HCC will focus more on government projects in power and water sectors and will look to bid for PPP projects with caution.

                                                                                 Courtesy ET dtd:- 31th Oct. 2008