Reliance joins elite list of oil traders after surpassing BP Plc
Shortpedia
Content Team
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Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has surpassed BP Plc to join an elite club of energy supermajors. The Indian conglomerate is now valued at $138 billion, compared with the British energy giant’s $132 billion. The shares of the Reliance Industries increased at three times the pace of India’s benchmark index this year after Mukesh Ambani announced the cutting of debt to 0 in 18 months.
