Indian Oil tops 7 Indian firms on Fortune 500 list, RIL jumps 53 places

NEW YORK: Seven Indian companies have made it to the newest Fortune 500 checklist of the arena's largest companies in terms of revenue, with state-owned IOC proceeding to be the best ranked Indian firm and Reliance Industries (RIL) jumping 53 puts.

In the checklist crowned via retail giant Walmart, Indian Oil Corp (IOC) with 23 consistent with cent upward thrust in revenues at $65.nine billion was once ranked 137th, up from the 168th position in 2017, Fortune mentioned.

Richest Indian Mukesh Ambani-led RIL was once the highest private sector corporate from the rustic because it jumped from 203rd rank closing yr to 148th. It had a revenue of $62.three billion in 2017-18.

With $47.5 billion revenue, Oil and Natural Gas Corp (ONGC) made a come back into the checklist with a rating of 197th. It did not characteristic in the 2017 rating.

State Bank of India (SBI) with $47.5 billion revenue was once given 216th rank, a coloration higher than 217th closing yr.

Tata Motors stepped forward its rating from 247th closing yr to 232nd. So did state-owned Bharat Petroleum Corp Ltd (BPCL) that moved as much as 314th position from 360th closing yr.

Rajesh Exports was once the seventh Indian firm on the checklist though its rating slipped to 405th this yr from 295th closing yr.

RIL was once essentially the most winning Indian firm on the checklist. On the globally most winning checklist, it secured the 99th position. The checklist was once crowned via Apple.

Two Chinese corporations - Sinopec Group and China National Petroleum Corp (CNPC) - figure in the most sensible 10, occupying third and 4th positions, respectively. State Grid was once ranked 2d while Royal Dutch Shell got fifth position.

"The world's 500 largest companies generated $30 trillion in revenues and $1.9 trillion in profits in 2017. Together, this year's Fortune Global 500 companies employ 67.7 million people worldwide and are represented by 33 countries," Fortune mentioned.
Indian Oil tops 7 Indian firms on Fortune 500 list, RIL jumps 53 places Indian Oil tops 7 Indian firms on Fortune 500 list, RIL jumps 53 places Reviewed by Kailash on August 02, 2018 Rating: 5
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