RIL reaches $150 billion market valuation mark

The Reliance Industries Limited (RIL) has reached $150-billion mark in term of market capitalisation. Hence, the Mukesh Ambani-helmed RIL has become India’s first $150-billion company in terms of market capitalisation. RIL achieved this milestone when its share price had gained 6.23% to close at Rs 1,759, taking market its capitalisation to Rs 11.15 lakh crore i.e. around $150 billion.

With this achievement, the market capitalisation of Reliance Industries Limited is more than that of Total SA, Royal Dutch Shell and BP among the top global energy players.