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A $110 billion Jafurah gas project is being proposed by Saudi Aramco in the province's east. L&T is the chosen contractor for a $2.9 billion contract, according to a CNBC-TV18 report.

The IPO comprises a fresh issuance of 7,374,163 shares valued at Rs 542 crore, along with an offer for sale (OFS) worth Rs 327.08 crore

JLR and TCS have been working together since 2012 on a variety of projects.

Ather Energy cofounder and CEO Tarun Mehta remarked, "There was strong support for the rights offering, and we are extremely glad to witness the confidence demonstrated by shareholders.

Marketing support revenue grew by 34% — higher than 31% growth clocked by the net sales via inventory model.

Analysts of IIFL Capital Services believe that improvement in factors such as irrigation and power supply have resulted in shielding the impact of low rainfall on crop production, in recent times.

In early Asian trading, the dollar reached a new high of 147.865 yen, its highest level since late November.

Spot gold was up 0.1% to $1,917.99 per ounce, the lowest price since August 29. Futures for U.S. gold decreased 0.1% to $1,942.20.

Brent crude futures had increased by 12 cents to $90.72 per barrel, while West Texas Intermediate (WTI) crude futures had increased by 11 cents to $87.65.

The price range for the offering was set at Rs 93-98 per share.