RIL becomes highest-ranking Indian firm on Fortune Global 500 list

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New Delhi: Mukesh Ambani-led Reliance Industries Limited (RIL) has become the highest-ranking Indian firm on the Fortune Global 500 list.

Reliance Industries Limited has jumped 42 places to replace the  IOC (117) as the top-ranked Indian company on the Global 500 list.

RIL’s revenue soared 32.1 per cent from $62.3 billion in 2018 to $82.3 billion in 2019. In comparison, IOC clocked a 17.7 percent growth in revenue from $65.9 billion to $77.6 billion.

Besides, RIL and IOC, Oil & Natural Gas Corp (ONGC), State Bank of India (SBI), Tata Motors, Bharat Petroleum Petroleum Corp Ltd (BPCL) and Rajesh Exports are the other Indian companies to feature in the list.

ONGC has moved up 37 places to 160th rank on the global list, while SBI lost 20 places to 236th rank. Tata Motors slipped 33 places to 265th position. BPCL rose 39 places to rank 275th spot, while Rajesh Exports slipped 90 places to rank 495th.

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