ONGC pips RIL to claim No. 1 slot | business | Hindustan Times
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ONGC pips RIL to claim No. 1 slot

The combined market capitalisation (m-cap) of seven of India's top-10 firms declined by Rs 49,487.6 crore last week, with ONGC grabbing the top slot as the most valued firm toppling Reliance Industries Ltd (RIL).

business Updated: Aug 28, 2011 22:53 IST

The combined market capitalisation (m-cap) of seven of India's top-10 firms declined by Rs 49,487.6 crore last week, with ONGC grabbing the top slot as the most valued firm toppling Reliance Industries Ltd (RIL).

ONGC m-cap surged by Rs 1,925.0 crore to Rs 2,37,842.3 crore on Friday on the Bombay Stock Exchange (BSE), replacing Mukesh Ambani-led RIL as India's most valued company.

RIL's market value dipped by Rs 3,843.6 crore, commanding a market cap of Rs 2,35,571.0 crore.

The PSU energy major reclaimed the top position after a gap of nearly four-and-a-half years.