Reliance Industries Limited (RIL) First Indian Company to exceed Rs 10 Lakh Crore M-cap
The largest publicly traded multinational conglomerate company in India in terms of market capitalization(m-cap), Reliance Industries Limited (RIL) became the first Indian company to cross Rs 10 Lakh Crore market capitalization on Thursday, November 28, 2019.
Reliance Industries was founded on May 8, 1973, by Dhirubhai Ambani is engaged in businesses across India in petrochemicals, energy, natural resources, telecommunications, retail, and textiles.
Last Month on 18 October 2018, RIL crossed the Rs 9 lakh crore m-cap mark. This month on November 19, it crossed the Rs 9.5 lakh crore m-cap and now within the next 10 days, RIL exceeding the 10 lakh crore m-cap has risen RIL share price to a new all-time high of Rs 1,581.25 on BSE.
Indian Companies in terms of M-cap in Lakh crore, as on 28 November 2019:
Reliance Industries Limited (RIL) 10
Tata Consultancy Services (TCS) 7.8
HDFC Bank 6.9
Hindustan Unilever Limited (HUL) 4.5
ICICI Bank 3.4
State Bank of India(SBI) 3.1
Category: Economy & Banking Current Affairs
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