RIL tops Fortune 500 list of Indian companies, IOC at second spot

PTI, Dec 3, 2020, 9:37 AM IST

Mumbai: Oil-to-telecom conglomerate Reliance Industries Ltd topped the Fortune 500 list of Indian companies, Fortune India announced on Wednesday.

Indian Oil Corporation Ltd (IOC), the nation’s biggest oil firm, bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third, it said.

The country’s largest lender State Bank of India was in the fourth position, while India’s second-biggest fuel retailer Bharat Petroleum Corporation Ltd (BPCL) took the fifth spot.

The list was published by Fortune India, which is part of the Kolkata-based RP Sanjiv Goenka Group.

Tata Motors was ranked sixth, followed by gold refiner Rajesh Exports at the seventh spot.

India’s largest IT services firm Tata Consultancy Services took the eighth spot, while ICICI Bank was at ninth, and Larsen and Toubro at tenth.

In the global rankings released in August, RIL broke into the world’s top 100 companies.

IOC had slipped 34 positions to rank 151st globally, while ONGC was ranked 190th, 30 notches lower than its last year’s ranking.