HCC rallies 8% on MoEF nod for Lavasa

Hindustan Construction Company (HCC) has rallied 8% to Rs 30.20 after the ministry of environment and forests (MoEF) cleared the company’s hill city project at Lavasa near Pune, subject to the company meeting 47 conditions.

The ministry of environment and forests' clearance was granted on the condition that the project was approved by the Maharashtra Pollution Control Board and various regulations were followed throughout the construction.

A combined 3.4 million shares have changed hands on the counter till 0930 hours on both the exchanges.