IOC tops Fortune India 500 list, RIL second
New Delhi   13-Dec-2011

Government-run IndianOil has emerged as the country's biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place, as per an annual list of Fortune 500 companies in India. This year's list of the country's 500 largest corporations, compiled by the global business magazine Fortune's Indian edition, features as many as 57 new entities. All the 500 firms together recorded a collective turnover of R45,79,911.38 crore in the latest financial year. IOC was the biggest with annual revenue of R3,23,113.12 crore, followed by Reliance Industries with a full-year revenue of R2,72,923.36 crore. Both IOC and RIL have retained their top-two ranks from the previous year, Fortune India said.