ONGC 21st on global energy list
State -owned Oil and Natural Gas Corporation (ONGC) and private sector biggie Reliance Industries Ltd (RIL) are leading the list of Indian companies that have made it to the top 250 global energy companies. Anupama Airy reports.business Updated: Nov 02, 2011 21:43 IST
State -owned Oil and Natural Gas Corporation (ONGC) and private sector biggie Reliance Industries Ltd (RIL) are leading the list of Indian companies that have made it to the top 250 global energy companies. While ONGC figures 21st in the list of top 250 energy companies, Reliance has secured the 24th position.
According to the 2011 Platts top 250 Global Energy Company rankings announced on Wednesday evening in Singapore, both China and India have grabbed 13 spots among the global Top 250.
Three Chinese companies led the Asia’s energy sector, with PetroChina emerging as the first Asian company to break into the world’s top five energy players.
Besides, ONGC and Reliance, other leading Indian firms in the rankings included Indian Oil Corporation (IOC), Coal India, GAIL, NTPC, HPCL, BPCL, Powergrid, Cairn India, NHPC, Tata Power, Powergrid and Reliance Infrastructure.
Essar Energy has emerged as the world’s fastest growing company in the sector, based on individual three-year compound growth rates while Cairn India as the fourth fastest. The biggest Asia-Pacific leap came from Cairn India, which entered the top 250 by climbing 166 rungs from 286th place to 120th.
The rankings reflect 2010 financial performance in key areas of asset worth, revenues, profits and on invested returns and all companies in the 2011 top 250 rankings have assets greater than $3.5 billion.
(The writer’s travel and stay were sponsored by the Energy Market Authority of Singapore)