- 13 Indian companies in Platts Top 250 Global Energy Company Rankings compared to 10 last year
- Oil & Natural Gas Corp (ONCG) and Reliance Industries (RIL). each ranked within the leading 25 of the global Top 250 and also placed within the Asia-Pacific regional top 10.
- Asia’s regional 10th place holder Coal India appeared in the global Top 250 list for the first time at 51 place overall.
- Asia-Pacific’s biggest leap came from Cairn India Ltd., which entered the Top 250 by climbing 166 rungs from 286th place to 120th this year.
With three new Indian entries this year, 13 Indian companies made it into the 2011 Platts Top 250 Global Energy Company Rankings, compared to 10 last year. Newcomers to this year’s prestigious list were Coal India, Cairn India. and NHPC. India’s foothold in the field of energy is getting stronger this year with nine Indian companies featured in the list of top 50 Asia-Pacific companies in the energy sector. India is giving close competition to China which also grabbed 13 spots among the global Top 250.
"The representation of Indian companies overall in the global rankings this year has strengthened in line with the country's strong economic and energy demand growth," said Vandana Hari, Asia Editorial Director, Platts. “Particularly impressive is that so many Indian companies on the list are independent, home-grown firms in a business once dominated by state-run entities.”
ONGC and RIL each ranked within the leading 25 of the global Top 250. However, both the companies saw a considerable decline in their rankings compared to last year. ONGC is ranked at 21 in 2011 compared to 18 last year, and RIL is ranked at 24 compared to 13 in 2010. RIL, however, ranked second globally in the Refining & Marketing category. So did ONGC in the Exploration & Production category.
"Notable among the Indian winners is Essar Energy, which led the list of the 50 fastest growing companies. Though incorporated in the UK, this is an Indian-owned and Indian-led company," noted Hari. Essar Energy took the crown with a 3-year CGR of 199.5%, the highest in the world.
“In addition, Cairn India secured itself the distinction of being the being the fastest-growing Asian company,” added Hari. On top of being the fastest growing, Cairn India. also took made biggest leap in of any Asian company in the Top 250 ranks, climbing 166 rungs from 286th place to 120th this year.
"The other interesting development is the growing might of coal companies and power utilities, both in China and India," Hari said. Coal India, which is Asia’s regional 10th place holder, appeared in the global Top 250 for the first time, debuting on the list at 51 following a successful initial public offering in 2010. The company reported a return on invested capital (ROIC) of 31%, an impressive debut performance which put it first in Asia and second in the world for ROIC. What’s more, Coal India came in second place worldwide in the Coal & Consumables Fuels (CCF) category.
Also Read
NTPC, which ranked 58 on the global list, earned top billing globally as the 1st company in the Independent Power Producer (IPP) category. Fellow IPP NHPC Ltd joined the Top 250 for the first time at 216th place.
Among the Top 250 Asia-Pacific companies, PetroChina Company grabs the fourth position as the region’s leading energy company in the world in the Platts Top 250 Global Energy Company Rankings. Outperforming PetroChina in the 2011 Top 250 global roster were first and second placeholders ExxonMobil Corporation and Chevron Corporation of the United States, and Russia’s Gazprom OAO, which took third place.
About Platts:
Founded in 1909, Platts is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts’ coverage of the carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, and shipping markets. A division of The McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with approximately 900 employees in more than 15 offices worldwide.