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.

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