Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil finding a place in the top 100 and Reliance Industries in 134th spot.
Of the eight, five are state-run entities. Indian Oil, with $68,837 million revenues, is at the 98th spot, up from 125th last year. Mukesh Ambani-led RIL was at 175 last year.
Other Indian companies in the list include BPCL, SBI, HPCL, Tata Motors, ONGC and Tata Steel. Except for SBI, which slipped by nine positions over last year, all other Indian companies improved on their rankings.
ArcelorMittal, run by LN Mittal, is at number 74.
There is no change in the top four positions: Wal-Mart, Royal Dutch Shell, Exxon Mobil and BP continue to hold sway. Sinopec Group and Chinese National Petroleum are at five and six.