ONGC is Top Energy Company of India; 5th in Asia, 21st globally : Platts
Energy major Oil and Natural Gas Corporation Ltd (BSE: 500312/NSE: ONGC/ISIN:INE213A01029) has been ranked as the Top Energy Company in India, in the coveted Platts Top 250 Global Energy Company Rankings 2014 released on Tuesday, October 28, 2014.
ONGC has improved on its global ranking up by a notch to feature at 21st place among the global energy majors.
In Asia/Pacific (APAC) rim, where several major E&P companies have operations, ONGC is featured at the 5th position, up from 7th last year.
Platts, McGraw Hill Financial, mentions that Top 250 recognizes outstanding financial performance for the previous year. Each company listed in the Platts Top 250 has distinguished itself through its remarkable performance and the outstanding efforts and dedication of its team. The listing is acknowledged as one of the most important recognitions of performance in the energy sector.
The annual survey of global energy companies by Platts measures the financial performance using four key metrics: asset worth, revenues, profits and return on invested capital. All companies on the list have assets greater than US $5 billion. The fundamental and market data comes from a database compiled and maintained by S&P Capital IQ.
With many more major initiatives in the pipeline, the largest profit making Maharatna Company, ONGC is poised to gain bigger milestones in the times to come as it puts its production plans on fast-track.
Overall 13 Indian companies figure in the Top 250 Global Energy Company list.
Oil and Natural Gas Corporation Ltd.
Corporate Communications, New Delhi,