 "Reliance unlikely to let $1.5 bn penalty hit shareholders")
Reliance Industries (RIL) and Indian Oil Corporation (IOC) have made big leaps in the global energy sector this year, according to the latest S&P Global Platts Top 250 Global Energy Company Rankings, which saw Russia’s Gazprom end American giant ExxonMobil’s 12-year reign at No.1.
Germany-based energy company E.ON SE ranked second.
While RIL improved its position by five places to third, IOC breached the top 10 for the first time and was placed seventh against last year’s fourteenth. Significantly, 10 of the 14 Indian energy companies that made it to the S&P list this year improved their rankings. In 2016, the list
