State-run Coal India (CIL) today toppled billionaire Mukesh Ambani-led Reliance Industries (RIL) as the country's most valued company, with a slightly higher market valuation around mid-day.
At around 1200 hours on the National Stock Exchange, Coal India Ltd commanded a market cap of Rs 250,759.67 crore, with an over 2% rise in its share price. At that time, RIL had a market cap of Rs 250,580.21 crore on the NSE.
A few minutes later, CIL's market valuation exceeded that of RIL on the BSE as well. At around 1206 hrs, RIL's market cap on the BSE stood at Rs 2,50,468 crore, slightly lower than CIL's Rs 2,50,538 crore.
