Adani Group fastest in valuation growth at 88%, Ambani-led RIL up 13.4%
The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday.
In comparison, billionaire Mukesh Ambani’s Reliance Industries — which houses nearly all its ventures — saw a 13.4 per cent rise in value to Rs 18.87 lakh crore, which helped it retain the top rankings in Burgundy Private Hurun India 500 rankings.
Tata Consultancy Services came second at Rs 12.97 lakh crore despite a 0.9 per cent decline in value, and was followed by HDFC Bank, Infosys and ICICI Bank.
Among the firms led by the Ahmedabad-based Gautam Adani, the valuation for Adani Green Energy rose the fastest at 139 per cent to Rs 4.50 lakh crore, which catapulted it to the sixth spot from 16th just six months ago, the report said.
