Housing Development and Infrastructure (HDIL), the real estate development company in India, witnessed a rise in share price on Monday after it announced that Privilege Power and Infrastructure, a wholly owned subsidiary of the company, has received the environmental clearance from State Environment Impact Assessment Authority, Government of Maharashtra.

The clearance is for its project 'Planet HDIL' which is an affordable housing project situated in the suburbs of Mumbai (Virar).

Shares of the company are trading at Rs 89, up Rs 0.85, or 0.96% at the Bombay Stock Exchange (BSE) on Monday at 10:21 a.m.

The scrip has touched an intra-day high of Rs 90.15 and low of Rs 87.90. The total volume of shares traded at the BSE is 498,840.