Singapore: Reliance Industries Ltd has been ranked 8th among top 10 global oil companies, according to a new survey released on Thursday. Reliance Industries was ranked 8th this year, improving from 14 position a year ago and being among the top 10 of the 250 global energy businesses in a new survey by ‘Platts Top 250 Global Energy Company Rankings 2016’. Refiners Indian Oil Corp. (IOC) and Hindustan Petroleum Corp. Ltd (HPCL) moved to 14th from 66th and to 48th from 133rd, respectively, lifted by access to cheaper crude. “India was also the only prominent country for coal demand, boosting Coal India’s standing in the world energy companies,” it added. With a three-year compound growth rate of 54.9%, the company is the fastest growing energy company in Asia-Pacific and the second fastest in the world.

Source: Mint September 08, 2016 05:03 UTC