Stocks

Coal India overtakes RIL as most valued firm

PTI Mumbai | Updated on August 17, 2011 Published on August 17, 2011

State-run Coal India today toppled billionaire Mukesh Ambani-led Reliance Industries as the country’s most valued company, with a slightly higher market valuation around mid-day.

At around 12.00 p.m. on the NSE, Coal India Ltd (CIL) commanded a market cap of Rs 250,759.67 crore, with an over 2 per cent rise in its share price. At that time, RIL had a market cap of Rs 250,580.21 crore on the NSE.

A few minutes later, CIL’s market valuation exceeded that of RIL on the BSE as well. At around 12.06 p.m., RIL’s market cap on the BSE stood at Rs 2,50,468 crore, slightly lower than CIL’s Rs 2,50,538 crore.

Published on August 17, 2011
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