Mukesh Ambani  Industry RELIANCE becomes the sixth largest oil company Of the world.


Mukesh Smbani Reliance Industry

The market capitalization of the conglomerate led by Mukesh Ambani stood at approximately $ 133 billion at the end of Tuesday and increased further to $ 138 billion as its shares continued to rise on Wednesday.


Reliance Industries Limited of Mukesh Ambani has become the sixth largest oil company in the world.

Mukesh Ambani Reliance Industry

The RIL led by Mukesh Ambani becomes the sixth largest oil company in the world
The market capitalization of the RIL group is now $ 138 billion

With the new development, Ambani's net worth has now touched $ 56 billion
Reliance Industries Limited (RIL), led by Mukesh Ambani, has become the sixth largest oil company in the world after beating BP Plc.

The market capitalization of the conglomerate led by Mukesh Ambani stood at approximately $ 133 billion at the end of Tuesday and increased further to $ 138 billion as its shares continued to rise on Wednesday.

Mukesh Ambani Reliance Industry


According to Bloomberg, Reliance's shares have experienced triple growth compared to the average rate of the Indian benchmark this year. RIL shares began to rise after Mukesh Ambani announced plans to reduce the company's net debt to zero over the next 18 months.

With the new development, Ambani's net worth has now reached $ 56 billion, which makes him the richest person in Asia above Jack Ma of the Alibaba Group, data from the Bloomberg Billionaires Index (BBI) showed 

While RIL's market capitalization briefly outperformed BP for the first time at the end of October, it has now regained leadership against the British company.


Mukesh Ambani Reliance Industry


Next, RIL seeks to narrow its gap with PetroChina Company, which is Asia's largest oil company in terms of market capitalization. It is also behind Saudi Aramco and Exxon Mobil Corporation, which has a market value of $ 290 billion.


RIL has increased its market capitalization by 35 percent this year compared to the 1.2 percent increase in BP Plc. At a time when oil companies around the world struggle to grow due to increased volatility, market believers and experts have praised RIL's credentials.