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| FinanceAsia ranks ONGC #1 among India’s Top Blue Chip Companies |
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November 12, 2009 |
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ONGC has been recognized as India’s Top Blue Chip rank 1st in FinanceAsia 100 listing for 2009 with highest aggregate net profit (before exceptionals) of US$ 13,764 million over the three year period 2006-2008.
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FinanceAsia 100 is the investors’ annual guide to Asia’s Blue Chip Companies published by FinanceAsia, Haymarket Media Ltd., Hong Kong. It ranks the top 100 firms in Asia by 3 years aggregate profit. The guide and FinanceAsia 100 index represents a powerful message to the Asian and global investment communities and re-enforces the importance of the Asian equities market. The list is compiled by Citi annually with the index updated daily by FinanceAsia. The ranking will be published in December, 2009 issue of FinanceAsia.
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As per the ranking for 2009, ONGC is at overall 10th position in Asia and 1st position among 19 Indian companies which are in the FinanceAsia 100 list on aggregate profit.
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The ranking certificate has been personally delivered by FinanceAsia to ONGC on 6th November, 2009.
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The top positions of the list are dominated by Chinese companies. They have occupied 7 out of top 10 rankings. While PetroChina and China Mobile have ranked #1 & #2, HSBC is at #3 position and Samsung Electronics at #7.
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Other notable Indian companies in this list of top 100 Asian companies are Reliance Industries (#14), NTPC (#25), SAIL (#32) and Indian Oil (#35).
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Corporate Communications
New Delhi
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