Our largest parcel of surplus land, aggregating to 524 acres is currently located in the PMR. As a result, our business, financial condition and results of operations will be heavily dependent on the performance of, and the prevailing conditions affecting, the real estate markets in the PMR. "This year has been a landmark year in the history of the company as we were able to complete years long struggle to demerge the surplus land of VSNL (now Tata Communications Limited) into your company," it said. "We are identifying options of land use based on the demographic factors and how we can utilize these land parcels. After the years of struggle and due process the land has been finally hived off into the company, it said.

Source: Economic Times December 30, 2020 04:27 UTC