Home / Markets / News / RIL 57th most valuable firm globally by market-cap; Saudi Aramco tops chart

RIL 57th most valuable firm globally by market-cap; Saudi Aramco tops chart

Following stellar gains in its share price, RIL became the first Indian firm to achieve the milestone of crossing Rs 11 trillion market valuation mark on Friday

Web Exclusive Premium

On an overall basis, however, RIL’s peer in the energy business – Saudi Aramco – leads the biggest companies globally with a market-cap of $ 1,764.50 billion as on June 16, 2020.

Deepak Korgaonkar Puneet Wadhwa Mumbai / New Delhi

3 min read Last Updated : Jun 22 2020 | 1:32 PM IST

Reliance Industries (RIL) became the first Indian company to be valued at $150 billion on Monday with the stock hitting a fresh all-time high of Rs 1,804 on the BSE. Over the past three months, the RIL stock has doubled – from a low of Rs 883.85 hit on March 23 as compared to a 35 per cent rise in the S&P BSE Sensex.

The up move in RIL has been triggered by a series of investments in its telecom business vertical – Reliance Platforms – by marquee global companies and investors that include Facebook, Silver Lake Partners, KKR, General Atlantic,

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in