Reliance Industries 1st Indian firm to touch Rs 19 lakh crore m-cap

Tags: National Economics/Business

Reliance Industries Limited (RIL) has become the first Indian company to cross the Rs 19 lakh crore mark by market cap.

• RIL shares rose 1.85 per cent to a record high of Rs 2,827.10 on the Bombay Stock Exchange (BSE) recently, due to which the company's market valuation also increased to Rs 19,12,814 crore.

• The 2 billion dollar deal between Reliance and Abu Dhabi's chemical company Tajiz is the main reason behind the rise in Reliance's shares.

• TCS is the second largest IT company by market cap among the listed companies in the Indian stock market after Reliance Industries.

• About Reliance Industries 

• Reliance operates across India in the fields of energy, petrochemicals, textiles, natural resources, retail and telecommunications.

• Reliance has 123 subsidiaries and 10 associate companies.

• Establishment- 1966

• Founder- Dhirubhai Ambani

• Headquarters- Mumbai, Maharashtra

• Chairman and MD- Mukesh Ambani.

• Reliance Industries Chairman Mukesh Ambani is at the eighth position with a net worth of $103.70 billion in the list of world's richest people recently released by Forbes.