News Release Details

IndianOil moves up 18 places in the Fortune ‘Global 500’ list, ranked 135
New Delhi   12-Jul-2007
In a befitting acknowledgement of its ever-improving performance, IndianOil moved up 18 places in the just-released Fortune 'Global 500' list of world's largest companies by sales for the year 2007. Placed at 135, IndianOil leads the pack of six Indian companies figuring in the list that is based on performance in the fiscal year ended March 31, 2007. IndianOil has been consistently improving its position in the elite list published annually by the CNN-Time Warner group magazine, Fortune. In the ‘Global 500' club, IndianOil has steadfastly climbed from 226 in the year 2002 to 191 in 2003, 189 in 2004 to 170 in 2005, 153 in 2006 and now <b>135 in 2007.</b> IndianOil has also maintained its leadership status as India's numero uno corporate in the prestigious listing, followed by Reliance Industries (269), Bharat Petroleum (325), Hindustan Petroleum (336), Oil & Natural Gas Corporation (369) and State Bank of India (495). In the Petroleum Refining category of the ‘Global 500’ list, IndianOil is listed at the 20th position. IndianOil created history this year when it became the first corporate to breach the Rs. Two lakh crore turnover mark, clocking revenues pegged at Rs. 220,779 crore (US $51 billion) and profit after tax of Rs. 7499 crore (US $1.73 billion) for fiscal 2006-07.