Indian energy cos surge ahead in Platts Global Top 250
2011 Platts Top 250 Global Energy Company Rankings™
Mumbai - November 2, 2011
With three new Indian entries this year, 13 Indian companies made it into the 2011 Platts Top 250 Global Energy Company Rankings™, compared to 10 last year. Newcomers to this year’s prestigious list were Coal India Ltd., Cairn India Ltd. and NHPC Ltd. India’s foothold in the field of energy is getting stronger this year with nine Indian companies featured in the list of top 50 Asia-Pacific companies in the energy sector. India is giving close competition to China which also grabbed 13 spots among the global Top 250.
"The representation of Indian companies overall in the global rankings this year has strengthened in line with the country's strong economic and energy demand growth," said Vandana Hari, Asia Editorial Director, Platts. “Particularly impressive is that so many Indian companies on the list are independent, home-grown firms in a business once dominated by state-run entities.”
Oil & Natural Gas Corp. Ltd. (ONCG) and Reliance Industries Ltd. each ranked within the leading 25 of the global Top 250. However, both the companies saw a considerable decline in their rankings compared to last year. ONGC is ranked at #21 in 2011 compared to #18 last year, and Reliance Industries Ltd is ranked at #24 compared to #13 in 2010. Reliance, however, ranked second globally in the Refining & Marketing category. So did ONGC in the Exploration & Production category.
"Notable among the Indian winners is Essar Energy, which led the list of the 50 fastest growing companies. Though incorporated in the UK, this is an Indian-owned and Indian-led company," noted Hari. Essar Energy plc took the crown with a three-year CGR of 199.5%, the highest in the world.
“In addition, Cairn India secured itself the distinction of being the being the fastest-growing Asian company,” added Hari. On top of being the fastest growing, Cairn India Ltd. also took made biggest leap in of any Asian company in the Top 250 ranks, climbing 166 rungs from 286th place to 120th this year.
"The other interesting development is the growing might of coal companies and power utilities, both in China and India," Hari said. Coal India Ltd., which is Asia’s regional 10th place holder, appeared in the global Top 250 for the first time, debuting on the list at #51 following a successful initial public offering in 2010. The company reported a return on invested capital (ROIC) of 31%, an impressive debut performance which put it first in Asia and second in the world for ROIC. What’s more, Coal India came in second place worldwide in the Coal & Consumables Fuels (CCF) category.
NTPC Ltd, which ranked #58 on the global list, earned top billing globally as the #1 company in the Independent Power Producer (IPP) category. Fellow IPP NHPC Ltd joined the Top 250 for the first time at 216th place.
Among the Top 250 Asia-Pacific companies, PetroChina Company Limited grabs the fourth position as the region’s leading energy company in the world in the Platts Top 250 Global Energy Company Rankings. Outperforming PetroChina in the 2011 Top 250 global roster were first and second placeholders ExxonMobil Corporation and Chevron Corporation of the United States, and Russia’s Gazprom OAO, which took third place.
An in-depth analysis of this year’s rankings by Ross McCracken, editor of Platts Energy Economist, is featured in the November issue of Platts Insight Magazine.
The Platts Top 250 Global Energy Company Rankings are based on data compiled and maintained by S&P Capital IQ, which, like Platts, is a part of The McGraw-Hill Companies. To be ranked, companies must have assets greater than US$3.5 billion and must be publicly listed.
The sixth annual Asia Awards Dinner was held in partnership with Singapore International Energy Week for a third consecutive year and was sponsored by OpenLink, a developer of energy and financial trading and risk management software solutions with offices in New York, London and Houston.
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