{"id":301890,"date":"2019-11-20T13:07:42","date_gmt":"2019-11-20T07:37:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301890"},"modified":"2019-11-20T13:07:42","modified_gmt":"2019-11-20T07:37:42","slug":"mukesh-ambanis-ril-valued-at-138-billion-now-worlds-6th-largest-oil-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambanis-ril-valued-at-138-billion-now-worlds-6th-largest-oil-company\/","title":{"rendered":"Mukesh Ambani\u2019s RIL, valued at $138 billion, now world\u2019s 6th largest oil company"},"content":{"rendered":"<p>Reliance Industries Ltd., run by Asia\u2019s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.<\/p>\n<p>The Indian conglomerate is now valued at $138 billion, compared with the British energy giant\u2019s $132 billion value at the close of trading on Tuesday. Reliance\u2019s shares have increased at three times the pace of India\u2019s benchmark index this year after its billionaire owner in August announced plans to cut the company\u2019s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco.<\/p>\n<p>The surge in shares gives Ambani a net worth of $56 billion, making him Asia\u2019s richest person, above Alibaba Group\u2019s Jack Ma, according to the Bloomberg Billionaires Index. The rally has put Reliance on course to become the first Indian company to reach the 10 trillion rupee market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd., run by Asia\u2019s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors. The Indian conglomerate is now valued at $138 billion, compared with the British energy giant\u2019s $132 billion value at the close of trading on Tuesday. Reliance\u2019s shares have increased at three times the pace of India\u2019s benchmark index this year after its billionaire owner in August announced plans to cut the company\u2019s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco. The surge in shares gives [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-301890","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301890"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301890\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}