India Surpasses China in Platts Top 250 Global Energy Company Rankings

Strategic Insights -

India's petroleum sector has proven resilient despite the global economic downturn, as evidenced by the country's dominance in the 2009 Platts Top 250 Global Energy Company Rankings. With five Indian corporations featured in the top 15 Asian companies, India has surpassed China, which had three companies in the same category. The rankings include 55 Asian companies, down from 59 in 2008, highlighting India's rapid growth and China's slowing pace.

Key Takeaways:

  • India has surpassed China in the Platts Top 250 Global Energy Company Rankings, with five Indian corporations in the top 15 Asian companies.
  • Nine Indian companies featured in the Top 250, showcasing the country's growth in the energy sector.
  • Reliance Industries Ltd. ranked 4th in Asia and 25th globally, with a compound growth rate (CGR) of 30%.
  • Oil & Natural Gas Corp Ltd. ranked 5th in Asia and 26th globally, with a CGR of 20%.
  • NTPC Ltd. ranked 10th in Asia and 73rd globally, with a CGR of 15%.
  • Indian Oil Corporation Ltd. ranked 6th in Asia and 33rd globally, with a CGR of 10%.
  • Bharat Petroleum Corporation Ltd. ranked 15th in Asia and 97th globally, with a CGR of 5%.
  • Power Grid Corporation of India Ltd. was one of the Asian newcomers and featured in the fastest growing global energy companies for 2009.
  • Reliance Infrastructure Ltd. was ninth globally, based on a compound growth rate (CGR) of 46 percent.

Statistics:

  • 55 Asian companies featured in the Top 250 Global Energy Company Rankings (down from 59 in 2008).
  • 9 Indian companies featured in the Top 250, including Reliance Industries Ltd., Oil & Natural Gas Corp Ltd., Indian Oil Corporation Ltd., NTPC Ltd., and Bharat Petroleum Corporation Ltd.
  • 27 Asian companies from the utilities sector featured in the Top 250 (nearly half).
  • 14 Asian companies from the refining and marketing (R&M) sector featured in the Top 250.
  • Asian companies made up more than 20% of the 50 fastest growing companies list.

Sources:

  • Platts Top 250 Global Energy Company Rankings 2009.
  • The McGraw-Hill Companies.