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| Distinctions |
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IndianOil in top five in Business India’s Super 100 ranking
IndianOil is among the `top five’ of Business India’s Super 100 rankings yet again for the year 2009. Despite the financial turmoil in the oil & gas sector especially during the last year, it is a matter of pride that IndianOil is the topmost downstream petroleum company in the prestigious listing placed at the 3rd position. Such distinctions speak volumes of the company’s resilience and management skills and abundantly depicts that PSUs are highly regarded in the markets. IndianOil has also topped the listing on the basis of net sales rankings, maintaining its 2008 position.
The Business India Super 100 rankings are an annual feature and this is the 20th year of the listing. This year the sample size was 580. The process of selecting the Super 100, this year, involved ratings on four comprehensive parameters - Sales (excluding other income and excise), Net Fixed Assets (net block including capital work-in-progress), Net Profit (adjusted profit) and Market Capitalisation (as on November 24, 2009). Each parameter is assigned a weightage to create the rankings in addition to normalising them. The sales-to-net-fixed-assets-ratio has been stressed upon as it gives a good insight into the strength and weakness of a company as well as the industry segments and the return of capital employed throw light on how well managers have deployed resources at their disposal.
IndianOil features among the top ten on the basis of Net Fixed Assets rankings (4th position) and EBIDTA rankings (7th position).
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| Updated on December 07, 2009 |
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