New Delhi, April 27 (H.S.). The market valuation (market cap) of Mukesh Ambani-led Reliance Industries Limited (RIL) has crossed Rs 19 lakh crore. Due to the rise in RIL’s shares on Wednesday, the company’s market cap increased to 19,12,814 crores (more than 19 lakh crores).

With this increase, RIL has become the first Indian company to cross this mark of market valuation. RIL shares rose 1.85 per cent to hit a record high of Rs 2,827.10 on the Bombay Stock Exchange (BSE). After the rise in the share price of RIL, the company’s market valuation reached Rs 19,12,814 crore during trading on BSE.

It is noteworthy that the market valuation of RIL, the most valuable private sector company, had crossed Rs 18 lakh crore earlier in March 2022. At the same time, the stock of Reliance Industries has gained more than 19 percent so far this year.