India's largest company by revenues, IndianOil has once again topped the just-published Fortune India rankings of the country's top 500 corporations for the eighth consecutive year. On the sectoral indices, IndianOil also stood at the head of the list of India's top Oil & Gas companies in India. Riding on strong fundamentals, IndianOil demonstrated strong improvement in its market position as a loan guzzler and brought down starkly its average cost of borrowing from 7.99 in the year 2013 to 5.92 in 2017.
In its section – Last Byte – the Fortune India magazine noted, “In the past eight years Fortune India 500 companies have grown bigger; in absolute terms, the growth has been more than 96%. From 2010, IndianOil has taken the top spot.....”
Published annually by Fortune India magazine, the list of Top 500 companies in India is based on total revenues. In addition to the composite list of 50 companies, the rankings also lists the winners across 42 different sectors including airlines, automobiles, banking, cement, consumer durables, pharmaceuticals, FMCG, infrastructure and development, media, oil and gas, power, real estate, retail and telecommunications among others.