Categories: Business

Reliance Industries among top 100 companies in the world, rise 10 places

RIL
Image Source: FILE

new Delhi. Reliance Industries, led by billionaire businessman Mukesh Ambani, jumped 10 places to join the top 100 companies in the 'Fortune Global 500' list. Fortune magazine released this list on Tuesday. Reliance, which operates in sectors such as oil, petrochemicals, retail and telecommunications, has been ranked 96th in Fortune's 2020 Global Companies List. Reliance is the only Indian company to figure in Fortune's Top 100 list. Earlier, Reliance was ranked 99th in 2012 on this list, but slipped to 215th place in 2016 in subsequent years. However, Reliance's ranking has steadily improved since then.

The public sector Indian Oil Corporation slipped 34 points to the 151st position in the 'Fortune Global 500'. At the same time, the ranking of Oil and Natural Gas Corporation (ONGC) dropped 30 places from the previous year to 190. The ranking of India's largest bank, State Bank of India, improved by 15 and stood at 221st position. Other Indian companies to be included in this list were Bharat Petroleum ranked 309th, Tata Motors 337th and Rajesh Exports 462nd. The 'Fortune Global 500' includes companies based on their total income for the previous financial year. In the case of India, companies have been included in this list based on the results of the financial year ended March 31, 2020.

Walmart topped the 'Fortune Global 500' this year. This was followed by three Chinese companies Sinopec Group, State Grid and China National Petroleum. Royal Dutch Shell ranked fifth on the list and Saudi Arabia's leading oil company Aramco at sixth. Walmart, Sinopec and China National Petroleum remained unchanged in the list. Whereas State Grid gained two places and Shell slipped two places.

This post was published on August 12, 2020 2:40 am

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