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| Distinctions |
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IndianOil
among India's 'Top Valuable Companies in BT
500 Listing'
IndianOil is among India's 'Top Valuable Companies
in BT 500 Listing'. It stands as the topmost
petroleum downstream company in the recently
declared 15th Edition of Business Today's BT500
listing of India's `Most Valuable Companies'.
It has garnered the 6th position with a market
cap of Rs 50, 324 crores amongst the listing
of public sector companies of India which includes
public sector banks and financial institutions..
 The
Corporation is ranked as number one company
in 'combined top 10 by sales' (Rs 2, 55,764
crore), which includes both private and public
sector units. It is in the top slot also amongst
'top 15 companies by revenue' (Rs 2,55,764 crores)
and ranked at second position amongst 'top 15
by profit' (Rs 7, 498 crores) amongst the public
sector units of India .
The deciding metric in the ranking of the top
500 companies is their average market capitalization
on the Bombay Stock Exchange (BSE) for the first
half f the current financial year – that is
the period between April 1 and September 30,
2007. Variables such as total assets, return
on total assets, sales, net profits and return
on capital employed have been taken into account
along with the average market cap. The reason
for choosing the average market value is that
a company's market value is universally recognized
as a variable that factors in not just present
performance, but also future prospects.
IndianOil is India's largest commercial enterprise,
and is also the highest ranked Indian company
in the prestigious Fortune, ` Global 500' listing
with 135 th position based on fiscal 2006 performance.
It is also the 20th largest petroleum company
in the world.
IndianOil and its subsidiaries account for 47% petroleum products market share, 40.4% refining capacity and 67% downstream sector pipelines capacity in India.
The IndianOil Group of companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 60.2 million metric tonnes per annum. These include two refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL) and one of Bongaigaon Refinery and Petrochemicals Limited (BRPL).
The Corporation's cross-country crude oil and product pipeline network spanning about 9, 300 km, the largest in the country, meets the vital energy needs of the consumers in an efficient manner.
Having commissioned projects valued at over Rs 10, 000 crore in 2006-7, IndianOil is investing Rs 43,250 crore more during the XI Plan period (2007-12) in augmentation of refining and pipeline capacities expansion of marketing infrastructure and product quality upgradation as well as in integration and diversification projects.
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| Updated on November 30, 2007 |
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