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.
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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