RIL climbs up on Fortune Global list
Mukesh Ambani-promoted Reliance Industries has moved up by 73 positions at 269th rank on the Fortune Global 500 list of companies, which was led by US retailer Wal-Mart Stores Inc and Exxon Mobil.
Reliance Industries revenue in 2006 stood at 25,158.9 million dollars, a jump pf 34 per cent over last year when it held 342nd position.
The company also figures in the category of "biggest increases in terms of revenues" and is ranked 23rd among the 25 fastest climbers on the list this year.
Public sector monolith Indian Oil Corp has been placed at 135th position, moving up by 18 ranks to become the highest ranked Indian company in terms of sales on the list, published annually by the CNN-Time Warner group magazine Fortune.
Besides, four other Indian public sector companies - BPCL (325), HPCL (336), ONGC (369) and State Bank of India (495) - have improved their rankings this year. SBI had made its debut in the list last year.
Last year, among the six Indian companies on the list, IOC had held the top rank at 153rd position, followed by RIL at 342, BPCL at 368, HPCL at 378, ONGC at 402 and SBI at 498.
In terms of profits, IOC was ranked at 249 behind Reliance Industries, which stood pretty at 179. RIL is at the 299th position in terms of assets and IOC at 380 this year.
Interestingly, British mobile giant Vodafone, which is ranked 95th in the list, is among the top money losers with a loss of 10,262.3 million dollar in 2006.
Among the top 10, there were six oil companies led by Exxon Mobil and three auto companies led by General Motors. Japan's Toyota Motors was the only Asian firm in the top 10, according to a press release by Fortune magazine.