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Reliance Industries displaces Indian Oil to emerge as India's biggest company


Ambani-led Industries has emerged as the country's biggest company with revenues in 2018-19 totalling Rs 6.23 lakh crore.

On the other hand, government-owned recorded sales of Rs 6.17 lakh crore for the year ended March.

has evolved from being a textiles and polyester company to an integrated across energy, materials, retail, entertainment and digital services. A quarter of its revenue now comes from new businesses such as telecom,

Its Jamnagar is the world's largest refining hub with of 1.24 million barrels per stream day. also has another refinery -- the sixth largest in the world -- in the special economic zone at Jamnagar with capacity for processing 580,000 barrels per day of

However, while ranks as Asia's richest man, Reliance has a net debt of Rs 1.93 lakh crore.

Indian Oil's revenue streams in from oil refining, petrochemicals and Till March 2019, it had short-term and long-term loans of Rs 92,700 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 21 2019. 15:47 IST