Reliance group m-cap crosses $74 bn

Total market capitalisation of the four Mukesh Ambani-controlled Reliance group companies - Reliance Industries, Reliance Petroleum, IPCL and Reliance Industrial Infrastructure "" on Tuesday crossed $74 billion at $74.22 billion (Rs 3,01,341 crore) and is Rs 3,159.30 crore away from the $75 billion mark.

Two group companies, Reliance Industries (Rs 1,780) and IPCL (Rs 353.50), on Tuesday closed at their all-time highs on the Bombay Stock Exchange.

Reliance Industries, the group flagship, accounted for Rs 2,47,470 crore market capitalisation, Reliance Petroleum (Rs 42,570 crore), IPCL (Rs 10,582 crore) and Reliance Industrial Infrastructure (Rs 719 crore).

Since beginning of calendar 2007, the total market capitalisation of the group companies appreciated 40 per cent (Rs 86,459 crore) from Rs 2,14,882 crore on January 1, 2007.