Coal
India Overtakes Reliance Industries as Most Valuable Company
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State-run Coal India on Aug 17 toppled
billionaire Mukesh Ambani-led Reliance Industries as the Country's most valued
company, with a slightly higher market valuation around mid-day.
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At around 1200 hours on the National Stock
Exchange, Coal India Ltd commanded a market cap of Rs 250759.67 crore, with an
over 2 per cent rise in its share price. At that time, RIL had a market cap of
Rs 250580.21 crore on the NSE.
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A few minutes later, CIL's market valuation
exceeded that of RIL on the BSE as well.
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CIL has been closing the gap on RIL in terms of
market valuation over the past few days and on August 9, the gap slipped below
1 per cent.
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way back in 2006, RIL had toppled ONGC to emerge
as the country's most valued firm and has managed to stay on the top since
then.
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