Mukesh Ambani created history: Reliance's market cap crossed Rs 19 lakh crore, the first Indian company to achieve this feat

Posted on 27th Apr 2022 by rohit kumar

Mukesh Ambani may have slipped from eighth place to ninth on the list of top billionaires, but on the other hand, he has set a new record on Wednesday. Due to the strong rally in the shares of Reliance Industries Limited (RIL) on Wednesday, the company's market cap has increased beyond Rs 19 lakh crore. With this, the company has become the first Indian company to reach this level in terms of market cap.

 

 

Shares at an all-time high

 

RIL shares rose 1.85 percent to hit a record high of Rs 2,827.10 on the Bombay Stock Exchange (BSE) on Wednesday. After the rise in the share price, the market valuation of the company also increased to Rs 19,12,814 crore in morning trade on BSE. Significantly, in March last month, the market valuation of RIL had crossed Rs 18 lakh crore.

 

 

Ambani's net worth is $ 102 billion

 

If we look at the figures, where Gautam Adani has topped in terms of earnings, Mukesh Ambani has also earned a tremendous amount. Shares of RIL have gained over 19 percent so far this year. According to experts, Reliance Industries is performing well across all segments. Let us tell you that on Wednesday, Mukesh Ambani's net worth also reached $ 102 billion with an increase of $ 2.75 billion.

 

The big deal with Abu Dhabi company

 

A major agreement has been signed between Mukesh Ambani-led Reliance Industries and Abu Dhabi-based chemical company Taji. Abu Dhabi Chemicals Derivatives Company RSC Limited and RIL signed a formal shareholder agreement for the project of Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC). This shareholder agreement is worth $2 billion.

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