IOC, RIL figure in Fortune’s top 100

· 8 Indian companies appear in the list of world’s 500 largest companies by Fortune magazine.

· Among those 8 companies, 5 are state-run

· Indian Oil Corp and Reliance Industries Limited stand among the top 100.

· Indian Oil, with annual revenues of 86.01 billion dollars, stands at 83^rd rank an increment from 98^th position in 2011.

· RIL is the 1^st Indian private firm to be ranked in the top 100. 

· RIL, with annual revenues of 76.119 billion dollars, improved its ranking to 99 from previous year’s 134.

· The other Indian companies featuring in the list are Bharat Petroleum at 225^th position, followed by Hindustan Petroleum (267), State Bank of India (285), Tata Motors (314), ONGC (357) and Tata Steel (401).

· American companies occupy132 places in the chart, followed by China, with 73 places and then Japan with 68 positions

Top 5 companies in the list are:

1. Royal Dutch Shell (The Netherlands)
2. Exxon Mobil
3. Wal-Mart Stores (United States)
4. BP (United Kingdom)
5. Sinopec Group (China)

Month: Current Affairs - July, 2012