Reliance Industries jumps five places to No. 3 among world’s top energy companies

[Soumitra]

Reliance Industries jumps five places to No. 3 among world’s top energy companies
Indian Oil Corporation broke into the top 10 of the list, but Coal India slipped to 45 from 38.

Reuters


Reliance Industries Ltd has jumped five notches to take the third spot among the world’s biggest energy companies in Platts’ latest rankings.

State-owned firm Indian Oil Corporation broke into the top 10 and was ranked seventh in the list – rising from 66th in 2015 and 14th in 2016.

The Mukesh Ambani-led RIL is behind Russian gas firm Gazprom and Germal utility E.ON in Platts Top 250 Global Energy Company Rankings.

The Oil and Natural Gas Corporation was placed 11th this year, gaining nine positions since last year. Coal India Ltd, the world’s largest coal producer, was the only Indian company to have slipped in the ranking this year – to 45 from 38 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.

Platts also said that India’s oil and gas sector may face some short-term pain from the new Goods and Services Tax, but a likely boost in economic activity may spur demand.

https://scroll.in/latest/851876/rel...ces-to-no-3-among-worlds-top-energy-companies

 

[ashok321]

Reliance Industries jumps five places to No. 3 among world’s top energy companies

Thank you Mota Bhai - Mukesh to Modi.

BJP party president Amit shah not doing this bad either:

Amit Shah's assets increased 300 percent in five years, Major news

As long as you are dictator (Modi) friendly, you can go to any length and make illicit money in India with impunity.

 

[kaykay]

Amazing growth for Indian Oil too.... From 66th in 2015 to in top 10 now.

 

[Shinigami]

Amazing growth for Indian Oil too.... From 66th in 2015 to in top 10 now.

why do you think? indian petrol prices are going up even when global prices are going down
THANK YOU MODI FOR INCREASING INDIA'S GDP (gas diesel petrol)

 

[kaykay]

why do you think? indian petrol prices are going up even when global prices are going down
THANK YOU MODI FOR INCREASING INDIA'S GDP (gas diesel petrol)

Well oil prices are very normal in my state...70-71 for petrol and 62-63 for diesel.

 

[AyanRay]

why do you think? indian petrol prices are going up even when global prices are going down
THANK YOU MODI FOR INCREASING INDIA'S GDP (gas diesel petrol)

Huhhhh, because of State and Central taxes? Which contribute to about 55% of the total petrol and diesel prices and which goes directly to Govts kitty? Which is then used to subsidize Fertilizers, food for the poor, your railway tickets which is 43% subsidised? Used for defence expenditures maintaining infrastructure etc etc etc.