News Release Details

IndianOil tops the charts in annual listings of corporate performance
New Delhi   27-Oct-2015



Riding on boosted earnings and renewed investor faith due to sectoral reforms, IndianOil came up at the top of the list of India’s top 500 companies for 2015 released by The Economic Times today. With cashflows of Rs. 45,976 crore from operations during FY 2015, IndianOil also topped the list of corporates with the highest cash flows. As mentioned in the story, "State-owned oil marketing companies saw a sharp jump in their cash flows after the de-regulation of diesel prices in 2014. Earlier, they used to sell fuel below cost and the delay in subsidy payment by the Government hurt cash flows." The ET 500 is an annual listing of Indian corporate that factors in total income, market capitalisation, and other financial numbers.

In another such barometer of corporate performance, IndianOil has topped the charts of Business Today magazine's BT500 list of India’s Most Valuable Companies by Total Income. In the list of Top 10 by Total Assets, IndianOil stands at the third position. The BT500 list of India’s Most Valuable Companies is published annually by the Business Today magazine.

IndianOil was ranked overall No.2 in the BusinessWorld 500 listing of India's biggest non-financial companies. The BW Real 500 rank for the companies has been arrived at on the basis of the highest total income plus total assets. Commenting on IndianOil's performance, the magazine said, " In 2014-15, the ability of IndianOil, India's largest oil marketing company, to hedge inventory losses against falling crude oil prices was put to test."