Seven Indian companies figure in the list of the world’s 250 top performing energy firms, with Reliance Industries, ONGC and NTPC grabbing the top Asian ranks.
7 Indian energy cos make it to global list
In the annual rankings of Platts Top 250 Global Energy, ONGC and Reliance Industries have made into the top 50 with rankings of 23 and 39 respectively. ONGC has also been named as the third best performing energy company in Asia. The ranking is published every year by Platts, a division of the McGraw-Hill Companies and a global energy and metals information provider.
Global oil and gas leaders have consolidated their energy businesses with the ranking led by texas-based Exxon Mobil Corp, followed by the UK’s BP and Royal Dutch Shell, Platts said. Other Indian firms on the list include Indian Oil Corp (52), NTPC (103), GAIL (135), Bharat Petroleum Corp (203) and Hindustan Petroleum Corp (233).
According to Platts, China and India have dominated the sector leadership position. While ONGC has been named as the top Asian firm in the exploration and production (E&P), Mukesh Ambani-promoted Reliance Industries has topped the refining and marketing (R&M) list and NTPC has emerged as the top player in the independent power producers (IPP) category. Both India and China have seven companies each on the list.
However, China is represented by just Petrochina in the top 50 compared to two from India. There were eight Indian companies on the list last year. However, Neyveli Lignite Corp, ranked 227 in 2006, is not on the list this time.
While GAIL India has improved its ranking from 156 last year to 135 this year, ONGC, RIL, IOC, NTPC, BPCL and HPCL have all moved down the rankings. ONGC was ranked 20th, RIL at 30th, Indian Oil at 41st, NTPC at 90th, BPCL at 110th and HPCL at 122nd position last year.
Platts said the list scores the world’s top performing energy companies on a combination of assets, revenues, profits and return on invested capital. Also, all the ranked companies have assets greater than $2 billion and arepublicly listed companies.
Best performing Asian energy business was Petrochina, placed sixth worldwide, and ahead of many long-established western energy companies.
It is followed by China Petroleum & Chemical Corp (Sinopec), India’s ONGC, Thailand’s PTT, and CNOOC from Hong Kong in the top five. AGENCIES