Business Daily from THE HINDU group of publications
Tuesday, Jul 17, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Jul 17, 2007 ePaper |
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Corporate
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Performance
Our Bureau New Delhi, July 16 After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), Oil and Natural Gas Corporation Ltd (ONGC) has moved up 33 notches to 369, up from 402 last year, in the recently published 2007 edition of Fortune Global 500 list. According to the company, it has been moving up steadily, thanks to its advancing topline during the last two years. The annual revenue of ONGC considered for the current assessment (2006) is $19,237.4 million up 15.8 per cent from 2005. In profits, however, ONGC ($3929.2 million, up 12.9 per cent) maintained its top rank from India, with comfortable margins. Overall, ONGC is ranked 121st in profits this year, it was ranked 115th last year. In the mining and crude-oil production industry, ONGC has been ranked sixth globally in this current 2007 rankings, up from ninth last year. The other three parameters assessed by the CNN-Time Warner Group magazine Fortune, are asse ts, stockholders’ equity and employees. In ‘assets’, ONGC has been ranked 335, third among the six Indian corporations listed in Fortune. It has been ranked 196 (a close second in India) in stockholders’ equity. With employee strength of 34,807 in 2006, ONGC has been placed at 366 under employees, fourth among Indian entries in Fortune.
Related Stories: More Stories on : Performance | Petroleum | Oil & Natural Gas Corporation Ltd
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