IndianOil continues to rule the charts: BS1000 listing
New Delhi   05-Apr-2018



IndianOil, the Energy of India continued its top run successively in the FY-2017 as per the latest edition of BS-1000 list of top Indian companies released by Business Standard recently. The financial year 2016-17 was challenging for Corporate India due to demonetisation which slowed down the economy and brought a dip in the GDP. The last three fiscal years have been the slowest for BS1000 companies since 1991, with average annual revenue growth of 0.6 per cent since 2013-14.

During this tough economic phase, IndianOil proved its mettle yet again by being the biggest revenue generator, clocking total revenues of Rs. 3,749 crore (with a Market Cap of Rs. 1,960 billion). It is heartening to note that despite several factors beating down PSU share price on the bourses, IndianOil stood tall at the eighth position in terms of market capitalisation which denotes its value on the stock market (calculated by multiplying the total number of shares by the present share price).

Riding high on the Trust of its stakeholders, IndianOil’s net worth showed a positive shift of 13.1 percentile which enabled IndianOil to retain its Top spot among the energy sector. The other companies that made it to the Top 5 are Reliance Industries, Tata Motors, BPCL and HPCL.