Cairn India witnessed a rise in share price on Wednesday after the company has received an approval for undertaking drilling works of 64 exploratory and appraisal wells in KG-OSN-2009/3 block in KG basin at Prakasam and Guntur districts of Andhra Pradesh. A committee under the Ministry of Environment, Forests and Climate Change has given a green signal to the company for the same.

Shares of Cairn India are trading at Rs 265.65, up Rs 3.7, or 1.41% at the Bombay Stock Exchange (BSE) on Wednesday at 9:40 a.m.

The scrip has touched an intra-day high of Rs 266 and low of Rs 262.05. The total volume of shares traded at the BSE is 6,103.

Total volume of shares traded on the bourses today was lower by 87.85% to 204,155 compared with 22-day average volume of 1,679,767.