Thursday, July 12, 2007

Five Indian companies in Fortune Global 500 list

Public sector monolith Indian Oil Corporation and corporate giant Reliance Industries advanced to the 135th and 269th places in this year's Fortune Global 500 rankings, which was topped by US retailer Wal-Mart Stores Inc.

IOC moved up by 18 places to 135 to become the highest ranked Indian company in terms of sales, while Reliance Industries climbed 75 notches to 269 to become the top ranked private Indian entity in the list published annually by the CNN-Time Warner group magazine Fortune.

Reliance holds the 269th position in terms of sales, 179th in profits, 299th in term of assets and it 190th in shareholder equity as it features as the 350 largest company among the top 500 corporates.

IOC, on the other hand, is ranked 135th in terms of sales, 249th in profits and 380th in terms of assets. It is the 364th largest company in the world.

Meanwhile, BPCL moved up 43 position to the 325th rank while HPCL was placed 336th, up 32 position, and ONGC gained 32 position to be ranked 369th.

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.

The US-based retail giant Wal-Mart tops the list, nudging aside last year's topper energy major Exxon Mobil to the second spot, a Fortune Global 500 statement said of the list which would be published in the August issue of the magazine.
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