Ten Indian companies made it to the 2010 Platts Top 250 Global Energy Company Rankings™, up one from the previous year. The country’s representation in the Top 250 roster has remained fairly consistent over the last few years. India’s Reliance Industries moved from fourth to third place among Asian companies and placed 13th globally with a 27% compound growth rate (CGR). ONGC rose from fifth to fourth place on the regional list and to 18th place globally.
Tata Power is the Indian newcomer to the 2010 Top 250 list, ranking at #159. It also made it to this year’s Top 250 Rankings 50 Fastest Growing list, coming in at #10 with a CGR of 39.7% and is India’s highest ranked company on the fastest growing list. The country's largest power producer NTPC remained in tenth place among Asian companies, but simultaneously jumped 21 places to come in at 52 in the global rankings.
“India and China in Asia and BRIC countries globally have seen a marked improvement in this year's rankings. This could be attributed to the benefits from varying degrees of protection in what are generally large and expanding domestic markets,” said Vandana Hari, Platts’ Asia editorial director. “The western majors on the other hand, while global in reach, exist in more competitive environments, such as the US and Europe, where oil demand has been sliding since 2008.”
India’s ONGC this year jumped into the top 20 of the Top 250 roster, improving eight places from its #26 position in 2009. NTPC markedly improved its standing in the 2010 Top 250 Ranking, jumping to #52 this year from #73 last year. Indian Oil Corp this year fell 45 spots from last year’s 33rd spot to rank at #78 on the 2010 Top 250 list. But it featured in the 50 Fastest Growing list, coming in at #42 in 2010, the first year the company has been in that group, with a 17.0% CGR.
Indian companies in the 2010 Platts Top 250 Rankings represent the following industry categories: refining & marketing (R&M - 4), electric utilities (EU - 3), gas utilities (GU - 1), exploration & production (E&P - 1), and independent power producers (IPP - 1).
The Platts Top 250 Global Energy Company Rankings are developed using financial data from Capital IQ, a Standard & Poor’s business, which, like Platts, is a division of The McGraw-Hill Companies. To be ranked, companies must have assets greater than US$3 billion and must be publicly listed.
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Platts’ 2010 global performance rankings were unveiled yesterday evening at the company’s fifth annual Asia Leadership Awards and Recognition Dinner, held at Singapore’s Marina Bay Sands in partnership with Singapore International Energy Week. The gala event, attended by more than 300 industry executives from across Asia, also celebrated the accomplishments of the top Asian energy companies within the Top 250.
An in-depth analysis of this year’s rankings by Ross McCracken, editor of Platts’ Energy Economist, is featured in the November issue of Platts’ Insight magazine. For his commentary, complete rankings and more information, please go to the Platts Top 250 website or media kit in the Media Center of Platts.com.
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