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RIL pips ExxonMobil, becomes world's second most valued energy firm

The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data

reliance industries, RIL
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Globally, Saudi Aramco has the highest market cap of $1.75 trillion

Press Trust of India
Reliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 trillion.

The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data.

On Thursday, Reliance was ranked 48th and was behind ExxonMobil. Its share price on Friday scaled an all-time high of Rs 2,163 before settling at Rs 2,146.20, taking the company to 46th position.

The Rs 13.6 trillion m-cap of Reliance together with Rs 54,262 crore m-cap of its partly-paid shares that were issued in the recent