The Indian Oil and Gas Industry is among the most influential industries in India and impacts the economy of the country. The importance of this industry is increasing with the increase in demand for fuel and gas.
Both public and private sector companies are engaged in the exploration and production of oil and gas in India, which makes the availability of oil and gas easy.
This post describes about the top 10 Oil and Gas Companies in India on the basis of market capitalization.
1. Oil and Natural Gas Corporation (ONGC)
First on this list is Oil and Natural Gas Corporation (ONGC) Limited, a leading oil and gas company founded in the year 1956 and accounts for the major share of oil and gas production in India. ONGC Limited is a premier Public Sector Undertaking (PSU) Enterprise, which since its inception has transformed this sector, by continuously increasing the production of oil and gas.
Winner of Multiple Awards, ONGC Limited is primarily engaged in exploration and production of oil and gas and presently operates in more than 15 countries across the world. ONGC Limited also performs Corporate Social Responsibility by contributing in sectors like Health Care, Environment, Water Maneagement, etc.
Market Capitalization: Rs 2,71,893 Crore
2. Reliance Industries Limited (RIL)
A Fortune 500 Company, Reliance Industries Limited is a swiftly growing company. It has many manufacturing facilities in India and out of which Jamnagar Refinery stands on the top in the list of the largest oil refineries in the world.
Reliance Industries Limited was founded in the year 1966 and in the year 2009 its subsidiary, Reliance Petroleum Limited merged with the company. Reliance Industries Limited operates in various sectors out of which, Refining forms its major part.
Market Capitalization: Rs 2,66,717 Crore
3. Indian Oil Corporation Limited (IOCL)
Indian Oil Corporation Limited (IOCL) is ranked 3rd in the list of Top 10 Oil and Gas Companies in India on the basis of market capitalization. Incorporated in the year 1964, IOCL presently stands among the largest enterprises in the country and its product line consist of Petrol, Diesel, Natural Gas, Petrochemicals, etc.
Another Fortune 500 Company in the list, IOCL operates 10 Oil Refineries in the country and has a workforce of more than 30,000 employees. Some of the services offered by the company are Refining, Technology Licensing and Marketing.
Market Capitalization: Rs 90,077 Crore
4. Bharat Petroleum Corporation Limited (BPCL)
Bharat Petroleum Corporation Limited (BPCL) is next on this list, which is a leading oil and gas company in India and a Fortune 500 Company. BPCL product line includes Petrol, Diesel, Kerosene, LPG, lubricants, etc.
Winner of Leading Oil and Gas Corporate of the Year, BPCL operates refineries in Bina, Kochi, Mumbai and Numaligarh. Apart from India, BPCL has operations in South America, Africa and Australia.
Market Capitalization: Rs 58,099 Crore
5. GAIL (India) Limited
Incorporated in the year 1984, GAIL (India) Limited is engaged in the production and transmission of Natural Gas, LPG, Petrochemicals and Liquid Hydrocarbons.
Winner of Best Performing Company, GAIL (India) Limited has a wide network of Natural Gas Pipelines of more than 10,000 km in India. Apart from India, GAIL (India) Limited has its operations in USA, Singapore, Egypt, China and Myanmar.
Market Capitalization: Rs 49,229 Crore
6. Cairn India Limited
Next on this list is Cairn India Limited, a company incorporated in the year 2007 and is engaged in the oil and gas production in the country. Cairn India Limited is a leading private oil and gas company in India and accounts for a significant share in crude oil production in the country.
Winner of Golden Peacock Award for Business Excellence, Cairn India Limited in the financial year 2013-2014 generated revenue of more than Rs 18,000 Cr. Cairn India Limited has oil refineries in Gujarat, Rajasthan and Andhra Pradesh and operates in countries like Sri Lanka and South Africa.
Market Capitalization: Rs 39,981 Crore
7. Oil India Limited (OIL)
Winner of Multiple Awards, OIL has a presence in Russia, USA, Venezuela, Nigeria, Yemen, Myanmar and many other countries. OIL also performs Corporate Social Responsibility by contributing in sectors like Health, Education and Infrastructure.
Market Capitalization: Rs 27,483 Crore
8. Hindustan Petroleum corporation Limited (HPCL)
A Fortune 500 Company, HPCL in the financial year 2013-2014 generated a profit of Rs 1,734 Cr. HPCL operates refineries in Mumbai and Vishakhapatnam and has a workforce of more than 11,000 employees.
Market Capitalization: Rs 22,112 Crore
9. Essar Oil Limited
Next on this list is Essar Oil Limited, a part of Essar Group, whose business portfolio include exploration and production of oil and gas. Headquartered in Mumbai, Essar Oil Limited has an oil refinery in Vadinar, Gujarat and distributes its products through a wide network of 1400 outlets across the country.
Market Capitalization: Rs 16,038 Crore
10. Petronet LNG Limited
Last on this list is Petronet LNG Limited, a company formed in the year 1998 and is involved in the import of LNG in India.
Headquartered in New Delhi, Petronet LNG Limited has LNG terminals in Dahej (Gujarat) and Kochi (Kerala) and each of the terminal has a capacity of 5 MMTPA (Million Metric Tonnes Per Annum).
Market Capitalization: Rs 13,012 Crore