On Tuesday, SpiceJet announced that it will introduce eight new daily international daily flights from Mumbai and Delhi in July.

"SpiceJet will service Mumbai-Riyadh-Mumbai, Mumbai-Dhaka-Mumbai, Delhi-Dhaka-Delhi and Delhi-Jeddah-Delhi routes with daily non-stop flights," the airline said in a statement.

It further said that it will deploy its 168-seater Boeing 737-800 aircraft on all aforesaid routes, and at the lowest introductory promotional fare starting at Rs 9,276.

It also said that SpiceJet is the first low cost carrier in India to connect Mumbai with Riyadh and Dhaka and Delhi with Dhaka and Jeddah.

Riyadh, the capital city of Saudi Arabia becomes the tenth international destination for the airline and the fourth in the Middle Eastern market.

Flights to and from Mumbai to Dhaka will commence their services from 25 July, whereas those in the Mumbai-Riyadh-Mumbai route will start on 15 August.

Daily flights from Delhi to Jeddah and Dhaka will start from 31 July.

Budget flights to Saudi Arabia will benefit thousands of pilgrims who travel from India every year.

Shares of SpiceJet rose nearly 4 percent following the announcement.