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How RIL became the first Indian company to top Rs 11 trn in market-cap

Shares of RIL have more than doubled from this year's low of Rs 868 in March underpinned by a stream of investments in its arm Jio Platforms

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RIL first hit Rs 1 trillion in market-cap in August 2005

2 min read Last Updated : Jun 19 2020 | 11:26 PM IST

Mukesh Ambani-led Reliance Industries has become the first domestic company to top Rs 11 trillion in market capitalisation (m-cap). Shares of the oil-to-telecom behemoth soared 6.2 per cent –most in two months—on Friday as investors cheered the company’s announcement that it has become net-debt free.

At closing price of Rs 1,760, RIL is valued at Rs 11.15 trillion. If one adds value of partly paid shares of Rs 67,500 crore, the company’s m-cap adds up to almost Rs 11.83 trillion. In dollar terms, RIL’s m-cap translates into $155 billion, making it the 54th largest company globally.

Shares of RIL have more than

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