Reliance Industries tops Fortune India-500 list for second straight year
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Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has topped the Fortune India-500 list for the second year in a row. The Mumbai-headquartered multinational conglomerate accounts for 7% of cumulative revenues and 11% of profits of the companies on the 2020 list. Last year, RIL toppled state-owned Indian Oil Corporation Limited (IOCL) to make it to the top spot for the first time.