RIL Becomes Worlds 3rd Largest Energy Firm

RIL Becomes Worlds 3rd Largest Energy Firm

Reliance Industries ltd has jumped five places to rank as the worlds third-biggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings.

State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing to 7th position in the 2017 ranking, up from 14th rank in 2016. IOC has been steadily climbing the rankings  it was placed at No. 66 in 2015.

Oil and Natural Gas Corp (ONGC) was placed at 11th position in 2017 as against 20th in 2016.

“While 14 Indian energy companies made it to the S&P Global Platts Top 250 Global Energy Company Rankings, they were one short of the tally held last year,” Platts said in a statement. Read More…

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