Reliance becomes world's third largest energy company
Reliance becomes world's third largest energy company

Mukesh Ambani-owned Reliance Industries Ltd has become the world's third-largest energy company, the world's richest industrialists. Reliance has jumped five places in this case compared to last year. Further, Russia's Gas Firm is Gazprom and Germany's E.On. According to the Platts Top 250 Global Energy Company ranking, the government company has managed to make the top 10 in the Indian Oil Corporation list. Indian Oil was ranked seventh. In 2016, he was ranked 66th in 14th and 2015. Oil and Natural Gas Corp (ONGC) has been ranked 11th in the list of 2017 and 20th in 2016.

Platts said in their statement, "14 Indian companies associated with energy sector have managed to get a place in S & P Global Plat's Top 250 Energy Company Rankings, which is less than last time." Reliance, which owns the world's largest oil refineries, was ranked eighth on the list last year. Coal India Ltd is the only Indian company whose ranking has fallen. Coal India has been ranked 45th in the year 2017 and it was ranked 38th in 2016.

Other companies included in the ranking include Bharat Petroleum Corporation Limited (39), Hindustan Petroleum (48), Power Grid Corp (81) and Gail India (106). Russia's Gazprom has secured first place in the list, ending America's fast and gas field veteran Exxon Mobil's 12-year reign.

Germany's E.ON is the fastest growing company this year. He has jumped 112 places to 114th position and has reached second place. The annual top 250 four major matrix published by S & P Global Plates: Assists companies on the basis of financial performance, using asset value, revenue, returns and returns on invested capital. All the companies' assets in the list exceed $ 5.5 billion.

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