Reliance Industries Acquires Stake in Adani Power Project

Reliance Industries Acquires Stake in Adani Power Project

Reliance Industries, under the leadership of Mukesh Ambani, has taken a substantial 26% share in a power project in Madhya Pradesh owned by Gautam Adani’s Adani Power. This is a historic move that represents the first-ever cooperation between two rival billionaire conglomerates. This strategic partnership between these two industry titans, valued at Rs. 50 crore,…

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Reliance Share

Reliance’s Stock Surges 7%,All-Time High, Mcap Climbs To ₹19.59 Lakh Crore

In Monday’s trading, shares of Reliance Industries Ltd. (RIL), the most valuable company in India based on market capitalization (m-cap), surged 7% to reach a record high. The oil-to-telecom giant actually increased its market capitalization intraday by Rs 1.20 lakh crore, reaching Rs 19,53,253.43 crore today from Rs 18,33,737.60 crore on Thursday. The increase in…

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