You are here: Home » Companies » News
Business Standard

Indian Oil Corp retains top rank in Fortune 500 India list

The three firms -- IOC, RIL and BPCL -- have retained their last year's respective ranks

Press Trust of India  |  New Delhi 

State-run Indian Oil Corp is the biggest company in terms of revenue, followed by Reliance Industries, according to the Fortune 500 list of Indian for 2012.

This year's list of the country's 500 largest corporations, compiled by the business magazine Fortune's Indian edition, features as many as 55 new entities.

Indian Oil Corp is the biggest company with annual revenue of Rs 4,20,287 crore, followed by Mukesh Ambani-led RIL with a full-year revenue of Rs 3,67,539 crore. Bharat Petroleum is at third spot with a revenue of Rs 2,14,866 crore.

The three firms -- IOC, RIL and BPCL -- have retained their last year's respective ranks, Fortune India said.


Hindustan Petroleum is fourth with annual revenue of Rs 1,87,693 crore and State Bank of India fifth with Rs 1,77,033 crore revenue.

"The rankings take note of the downturn and show that there is little to cheer, with profits decreasing despite increased revenue," Fortune India said.

Among others in the top 10 are --Tata Motors (sixth), ONGC (seventh), Tata Steel (eighth), Coal India (ninth) and Hindalco Industries (10th).

The magazine said that total sales of Fortune 500 have grown at 23.77% year-on-year.

"The larger fared better than the ones lower down the list; companies that earned above Rs 10,000 crore showed a higher increase in revenue than the full 500.

"Ditto for profit growth, except for 14 companies with revenues between Rs 15,000 crore and Rs 20,000 crore, whose profits fell 13%. The smaller companies (under 5,000 crore), suffered the most," the magazine noted.

Also, the  government continues to play a big role in business, with a total of 83 state-owned firms on this year's list, Fortune India said.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, December 14 2012. 19:18 IST
RECOMMENDED FOR YOU
.