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Many milestones as Reliance climbs to new peak - The Hindu BusinessLine

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Many milestones as Reliance climbs to new peak
June 19, 2020
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The share price of Reliance Industries has leapfrogged into a new territory. The stock hit an all-time high of ₹1,788.96 amidst copious fund-raising and on the positive outlook, especially due to Jio. During the course of attaining the peak, the Mukesh Ambani-controlled Reliance Industries has achieved several milestones.
Reliance has become the first company to surpass the ₹11-lakh-crore market capitalisation mark. At ₹11.2-lakh crore, the RIL stock now leads TCS by a wide margin of ₹3.45-lakh crore.
However, the bigger achievement is becoming net debt-free, given the current volatile situation. For the first time in nearly two decades, the company has become net debt-free. Even as Mukesh Ambani promised to make the company net debt-free by March 2021, the task has been achieved much earlier, at a time when the entire world is talking of gloom and doom, and several organisations shut due to killer Covid-19 pandemic virus.

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