Friday, January 23, 2009

HDIL not looking to cut project prices - official

MUMBAI (Reuters) - Housing Development & Infrastructure Ltd is not looking to cut project prices going forward and expects demand to return once liquidity improves, a top official said.

"We have several revenue streams so we do not foresee us correcting prices," Srang Wadhawan, its managing director, told television channel NDTV Profit on Wednesday.

Shares of the company traded down 1.42 percent at 111.2 rupees each share in the Mumbai market.

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