Housing Development and Infrastructure (HDIL), the real estate development company in India, 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 gained Rs 0.85, or 0.96%, to trade at Rs 89. The total volume of shares traded was 288,970 at the BSE (9.34 a.m., Monday).