** Hindustan Construction Co Ltd plunges nearly 24 pct to 17.85 rupees, its biggest intraday pct loss since Oct 24, 2008
** Stock hits lowest level since March 1, 2016
** Auditor of co's unit Lavasa Corp said on Wednesday here:newsml:reuters.com:20180503:nBSE7Qrx0p it has "significant doubt about co's ability to continue as a going concern"
** Auditor also said as at March 31, net worth of Lavasa, its subsidiaries, JVs and associates has been “significantly eroded”; most of the entities have incurred losses or do not have any operations during year ended March
** Lavasa, which is developing a private hill city project in the western state of Maharashtra, posted net loss of 6.82 bln rupees for year ended March 31 to vs. loss of 1.66 bln rupees a year earlier
** Lavasa said it was in the process of preparing resolution plan along with lenders
** Lavasa’s capital work-in-progress as at March 31 includes amounts aggregating 11.97 bln rupees while total equity and liabilities as at March 31 amount to 63.77 bln rupees
** Up to Wednesday’s close, stock had lost nearly half its value in 12 months