Reliance ranked 8th among top 10 global oil cos: Survey

India's Reliance Industries has been ranked 8th among top 10 global oil companies, according to a new survey released today.

Reliance Industries Ltd (RIL) was ranked 8th this year, improving from 14 position a year ago and being among the top 10 of the 250 global energy businesses in a new survey by 'Platts Top 250 Global Energy Company Rankings 2016'.

The Reliance Industries Limited logo. Reuters

The Reliance Industries Limited logo. Reuters

Refiners Indian Oil Corporation and Hindustan Petroleum Corp Ltd moved to 14th from 66th and to 48th from 133rd, respectively, lifted by access to cheaper crude. Heavyweight, Oil & Natural Gas Corp Ltd, however, slipped to 20 position this year from 17 a year ago. Platts attributed the refining sector strength to improved margins.

"The ranking reflected the oil market's biggest price collapse in nearly three decades, a resulting re-drawing of the lines in the fuels mix and the successes of energy players less exposed to the price rout triggered by OPEC's defence of its global oil market prominence," it said.

"India was also the only prominent country for coal demand, boosting Coal India's standing in the world energy companies," it added. "Strong performance of the coal industry enabled the largest pure coal mining company in the world, Coal India, to hold its place at 38th in the top 250 ranks.

Consumption rose nearly 5 percent, regaining its share as the dominant fuel in the energy mix at 56 percent, Platts said. Adani Power Ltd, an independent power producer was ranked at 250th. With a 3-year compound growth rate of 54.9 percent the company is the fastest growing energy company in Asia-Pacific and the second fastest in the world.

(Disclosure: RIL owns Network18, which publishes Firstpost)

Updated Date: Sep 09, 2016 07:47 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See