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IOC, Reliance amongst top 50 Asian companies

Indian Oil (profit rank no 44) and Reliance industries (profit rank number 47) emerged among the top 50 largest profit-making companies in Asia.

The profit ranking for IOC, however, went down a notch-from 43 last year to 44 this year, while Reliance Industries moved up from 54 last year to 47 this year.

The special issue of Asiaweek (November 10, 2000) has ranked 20 Indian companies this year in its annual survey of Asia's 1000 largest companies.

The Asiaweek 1000 is an annual study which ranks the top companies in Asia by way of sales, net profits, assets, equity, market capitalisation and other factors.

In the clothing, textiles and accessories category, Reliance Industries is ranked at no 5 and is the only Indian company. Even as a petrochemicals company, Reliance Industries emerges at no 8 among Asian companies.

The oil and gas list is dominated by a number of public sector Indian companies with 4 in the top 20 -- IOC, BPCL, HPCL and ONGC at the ranks 3, 13, 14 and 20, respectively.

In electric power list, NTPC is at no 13 in Asia.

In terms of number of companies, India ranked seventh after Japan (696), Australia (70), South Korea (59), Taiwan (37), Singapore (34) and China (25). India is followed by Hong Kong (18), Malaysia (11), Thailand (10), The Philippines (7), Indonesia (6), New Zealand (6) and Pakistan (1).

Of the 20, as many as 14 are PSUs, 2 are MNCs, while only 4 are private sector companies, as against six in 1998. The Indian companies in their order of rank are -- Indian Oil (44), Bharat Petroleum (140), Hindustan Petroleum (150), Reliance Industries (239), ONGC (240), Coal India (263), NTPC (295), SAIL (308), Hindustan Lever (491), TELCO (570), Gas Authority (604), ITC (642), Larsen and Toubro (662), VSNL (701), Maruti Udyog (717), BHEL (756), TISCO (821), Kochi Refineries (866), MTNL (940) and IPCL (978).

Of the 20 Indian companies listed this year, 11 have slipped in their ranking from last year. These include companies like Coal India (from 206 to 263, down 57), NTPC (from 285 to 295, down 10), SAIL (from 270 to 308, down 38), Hindustan Lever (from 434 to 491, down 57), ITC (from 557 to 642, down 85), L&T (from 573 to 662, down 89), VSNL (from 589 to 701, down 112), BHEL (from 626 to 756, down 130), TISCO (from 741 to 821, down 80), MTNL (from 810 to 940, down 130) and IPCL (from 963 to 978, down 15).

Eight companies have improved upon their performance last year. These include companies like BPCL (up 19 from 159 to 140), HPCL (up 4 from 154 to 150), Reliance Industries (up 42 from 281 to 239), ONGC (up 31 from 271 to 240), TELCO (up 68 from 638 to 570), GAIL (up 31 from 635 to 604), Maruti Udyog (up 4 from 721 to 717) and Kochi Refineries (up 67 from 933 to 866).

Indian Oil continued to maintain its position at 44.

TELCO's performance was unique for it showed a marked improvement in its sales rank (which went up by 68 from 638 last year to 570 this year), courtesy Indica, while its profitability declined by 27 per cent bringing the profit rank down by 159 from 437 last year to 596 this year.

Only three companies went up in their profit ranking -- Reliance Industries (up 7 from 54 to 47), ONGC (up 8 from 33 to 25) and NTPC (up 4 from 31 to 27).

Twelve companies showed a downslide in their profit ranking. SAIL slipped down by 5 from 949 to 954, TELCO by 159 from 437 to 596, GAIL by 65 from 86 to 151, ITC by 17 from 144 to 161, L&T by 122 from 188 to 310, VSNL by 22 from 68 to 90, Maruti Udyog by 147 from 170 to 317, BHEL by 52 from 156 to 208, TISCO by 11 from 256 to 267, MTNL by 45 from 69 to 114, BPCL by 45 from 130 to 175 and HPCL by 13 from 106 to 119.

UNI

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