Both of India’s largest oil and gas explorers — ONGC and RIL — significantly improved their rankings in the 2015 edition of the benchmark Platts Top 250 Global Energy Company Rankings. RIL also regained its top spot among Indian companies on the list, usurping ONGC.
RIL, which ranked 22 last year, came in at 14 place in 2015. ONGC improved its rankings from 21 in 2014 to 17 in 2015.
“RIL, which was pushed to the No. 2 position in 2014 by ONGC, not only regained its premier slot among Indian energy performers, but has also moved significantly higher relative to its overall global ranking last year,” Platts said in a release on Wednesday.
This year’s rankings also mark the highest Indian representation in the top 250 energy companies in the world, with 14 Indian companies making the list.
Coal India also made significant improvements in its global rankings, with the largest pure coal mining company in the world seeing its rank climb to 38th place from 47th place last year.
“The state miner’s challenge has been keeping up with strong internal demand and achieving the coal ministry's ambitious extraction targets. Coal India replaced Indian Oil Corporation for the No. 3 position this year, among India companies,” the release said.
NTPC came in as the fourth-highest ranked Indian company, but dropped in the global rankings to 56 place from 50 in 2014. Bharat Petroleum Corp. came in at 59 in 2015 Indian Oil Corporation ranked 66th. This marks a significant slip for IOC, which ranked 43rd in 2014.
Gail India and Cairn India also saw their ranks fall. Gail’s rank fell to 120 from 97th in 2014, while Cairn India fell to 139 place from 104.
“Most Indian energy companies saw their growth rates ebb. Only two firms — Power Grid Corp and Essar Oil — placed on the list of top 50 fastest growing companies this year, down from seven a year ago,” Platts said.
The rankings are based on a combined assessment of assets, revenues, profits and return on invested capital for the previous financial year.
The global rankings were topped by Exxon Mobil at rank 1 and Chevron Corporation in second place. Two Chinese companies made it to the top five.
