{"id":302874,"date":"2019-11-26T11:50:38","date_gmt":"2019-11-26T06:20:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=302874"},"modified":"2019-11-26T11:50:38","modified_gmt":"2019-11-26T06:20:38","slug":"ril-shares-hit-record-high-near-%e2%82%b910-lakh-crore-milestone-in-market-cap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-shares-hit-record-high-near-%e2%82%b910-lakh-crore-milestone-in-market-cap\/","title":{"rendered":"RIL shares hit record high, near \u20b910 lakh crore milestone in market cap"},"content":{"rendered":"<p>Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) today jumped to a record high of \u20b91,576 apiece when they rose over 1%, pushing its market capitalisation closer to \u20b910 lakh crore. The broader markets also hit a new high today, with Sensex crossing the 41,000 mark.<\/p>\n<p>RIL shares have outperformed the market since the start of this year, surging nearly 40%. Investors were encouraged after Mukesh Ambani 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. Recently, its telecom arm Jio announced that it will increase tariffs in the next few weeks.<\/p>\n<p>RIL operates the world\u2019s biggest oil-refining complex in Jamnagar, Gujarat, which can process low-quality crude and turn it into higher-grade fuels, partly protecting it from volatility in prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) today jumped to a record high of \u20b91,576 apiece when they rose over 1%, pushing its market capitalisation closer to \u20b910 lakh crore. The broader markets also hit a new high today, with Sensex crossing the 41,000 mark. RIL shares have outperformed the market since the start of this year, surging nearly 40%. Investors were encouraged after Mukesh Ambani 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. Recently, its telecom arm Jio announced that [&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":[139,130,187],"tags":[],"class_list":["post-302874","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302874","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=302874"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302874\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=302874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=302874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=302874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}