Adani Ports and Special Economic Zone, one of the largest private multi-port operators, witnessed a rise in share price on Thursday after the company received Kerala government's nod for developing the Rs 40.89 billion Vizhinjam International Deepwater Seaport project.

APSEZ  has received ''Letter of Award'' for development of the Vizhinjam International Deepwater Seaport Project from Government of Kerala (GoK). The total project cost estimated by the Kerala government is Rs 40.89 billion and the time-frame for commissioning of project is 4 years which will be met by Adani Group based on its past execution record, it added.

Shares of Adani Ports and Special Economic Zone are trading at Rs 324.05, up Rs 4.45, or 1.39% at the Bombay Stock Exchange (BSE) on Thursday at 10:41 a.m.

The scrip has touched an intra-day high of Rs 325.95 and low of Rs 322.95. The total volume of shares traded at the BSE is 66,546.