Five Indian cos among top 15 Asian energy companies
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Five Indian companies are among the top 15 Asian energy companies, racing past China which had three companies in the list, according to Platts, a global provider of energy and commodities information.
Platts announced the 2009 Top 250 Global Energy Company Rankings which included 55 companies from Asia. The five companies which topped the list are Reliance Industries, Oil and Natural Gas Corporation, Indian Oil Corporation, NTPC and Bharat Petroleum Corporation.
"2009 was the year for India. While the developed world tightened its purse strings and almost ground to a halt, India’s petroleum sector came out to play ignoring the recession and preparing for the years ahead," Platts Asia's News Director, Vandana Hari, said in a statement here.
"This is also where India’s path diverged from that of its formidable Asian competitor China. While Beijing went on a major shopping spree for energy assets around the world, India invested in itself," she said.
In total, nine Indian companies featured in the Top-250 list. Power Grid Corporation of India was one of the Asian newcomers and also featured in the fastest-growing global energy companies for 2009. Reliance Infrastructure was ninth globally, based on a compound annual growth rate (CAGR) of 46 per cent, also making the list for the first time this year.
The Platts Top-250 Global Energy Company Rankings measures financial performance by examining each company’s assets, revenue, profits, and return on invested capital.
The underlying data comes from Capital IQ, a database compiled and maintained by Standard & Poor's, which, like Platts, is a division of The McGraw-Hill Companies
Source - Business-Standard.com
