NEW YORK: Seven Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the
India Inc
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list of world’s 500 largest companies compiled by Fortune.

The league of 500 elite companies for 2009 is topped by oil giant Royal Dutch Shell, followed by another oil major Exxon Mobil and US retailer Wal-Mart Stores in that order.

Besides IOC and RIL, the other Indian companies in the list are steel maker Tata Steel, oil entities, Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas, and public sector bank SBI.

The same seven Indian entities were part of the list in the previous year as well.

IOC has the highest rank of 105 among the featured Indian companies, followed by Tata Steel at the 258th spot, RIL (264), BPCL (289), HPCL (311), SBI (363) and ONGC (402).

According to the magazine, IOC had revenues to the tune of USD 62.9 billion, Tata Steel (USD 32 billion), RIL (USD 31.7 billion), BPCL (USD 29.9 billion), HPCL (USD 28.2 billion), SBI (USD 24.5 billion) and ONGC (22.7 billion).

The list also features Citigroup, Pepsico and Motorola, three companies led by India-origin people.

source: Economictimes

Tags: 500 fortune companies list, buy or sell ioc, HPCL, ioc, ril buy sell hold, Sbi fortune 500

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