UPDATE 1-Hitachi Construction to make Indian JV a unit


* To spend $244 mln to raise stake to 60 pct from 40 pct * No impact from deal on Hitachi's 2009/10 earnings (Adds details) TOKYO, March 30 (Reuters) - Hitachi Construction Machinery Co said it would spend 22.6 billion yen ($244 million) to make an Indian construction machinery company a unit as it aims to boost sales in the fast-growing market. Hitachi Construction, Japan's No.2 earth-moving equipment maker, said it would raise its stake in Telco Construction Equipment Co Ltd, a joint ...

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