The Indian Oil Company scenario has been doing very well since the last quite a few decades. More and more Indian Oil Companies are coming up at a good pace.
In a very short period of time, India and China have managed to confound analysts around the world by turning their much-vaunted rivalry for the acquisition of oil and gas assets in third countries into a nascent partnership that could alter the basic dynamics of the global energy market.
For the new India-China energy partnership to work, both countries must be prepared to invest the political capital necessary. From the Indian perspective this will come as a huge opportunity for the Indian Oil Company to develop.
Oil India Limited (OIL) is a premier Indian National oil company under the administrative control of Ministry of Petroleum and Natural Gas, Govt. of India. OIL is engaged in the business of Exploration, Development and Production of Crude Oil and Natural Gas, Transportation of Crude Oil and Production of LPG. The Company possesses over 1 lakh sq. km. of licensed areas. Oil India Limited is the pioneer in exploration and production of hydrocarbon in India and has been serving the nation for over four decades. It has hugely helped in the betterment of the Indian Oil Company scenario.
Indian Oil Corporation Ltd. (IndianOil) is the largest commercial enterprise in India, and the only Indian Oil Company that is present in the Fortune magazine's 'Global 500' listing of the world's largest corporations, with a ranking of 226 for fiscal 2001. In addition to being the largest national oil company in the Asia Pacific region, IndianOil has also been ranked 'First' in Petroleum Trading among the 15 national oil companies in the region in the 2001 Industry Perception Survey conducted by Applied Trading Systems, Singapore.
|Latest Financial Figures||(figures in Rs. Crores)|
|ET 500 Rank(2011)||1|
|Profit after Tax(PAT)||7830.72|
|MCAP (Market Capitalization)||73497.88|
The Oil and Natural Gas Commission (ONGC), This Indian Oil Company is the largest petroleum exploration and production entity, it is organized as a state statutory body rather than a public company, but is run on a profit-making basis with these revenues flowing to the Indian Exchequer. In 1989-1990 ONGC claimed to have posted the biggest profit in "India's corporate world."
Last Updated on 1/4/2012