Oil companies are one of the ruling industries in India forming a core part of industrialization. They are among the eight core industries playing a major role in the economy of India.Energy demand has a quite big role in the India's economic growth and so, therefore the oil and gas projects a good grow in this sector, making it a good option for investment. Most of the oil and gas companies in the country are Public Sector Undertakings(PSU) organized by Indian government. So, let us see the complete insights on the topic- Top oil companies in India.
1. Indian oil corporation
It is the largest oil and gas company in India. Founded in the year 1959, headquartered in New Delhi, India. This company is the world's 88 th largest companies as per the Fortune Global 500 list, and the largest category of public corporation in India when ranked by revenue.
It is the oil and gas company that operates the largest and extensive network of fuel stations all over India.It is offering a range of products, fuels , lubricants, petrochemicals.
It is making good worth with 35000 employees having 28 billion dollar turnover. It is another public sector undertaking and has its business spread across the globe. It also has its subsidiaries in Sri Lanka , Mauritius and UAE.
Indian oil and natural gas corporation was founded in the year August 1956. It's headquarters lie in Dehradun , Uttarakhand, India. It is a government company providing employment opportunities for nearly 33000+ applicants. It produces petroleum, natural gas, and petrochemicals.
This oil and gas company secured eighth place in the entire world. It records a large turn over over 6.50 billion dollars a year. The company is involved in exploiting hydrocarbons in 26 sedimentary basins of the country and operates over 11000 kilometers of pipelines. It is the largest among all the governments undertaking in the oil and natural gas sector.
3. Bharat Petroleum
Bharat Petroleum Limited is India' s second largest oil and gas company, headquartered in Mumbai , Maharashtra. The corporation operates two large refineries of the country located at Mumbai and Kochi. It has four refineries-
- Mumbai refinery
- Kochi refinery
- Rina refinery
- Numaligarh refinery
The company's production involves the finest quality oil, gas and petroleum products. It belongs to the public sector category with 14000 + employees. This huge refinery has a turn over of 40 billion dollars. It is also another undertaking of the government of India.
4. Reliance Petroleum
Reliance Petroleum limited company is located in Ahmedabad and Jamnagar Refinery which is currently the largest refinery in the world is owned by Reliance industries limited. Mukesh Ambani is the Chairman and Managing director of this company.
It belongs to government owned sector having employed more than 10000 employees. It is into the production of oil ,petrochemicals, and natural resources. Apart from supplying oil and other LPG products , it carries out discourses to an extensive platform of audience all over the world.
5. Hindustan Petroleum corporation
HPCL is a public sector company in India whose head office is located in Mumbai. It has been ranked 4 th among India's companies for year and ranked 260 in the Fortune global 500 rankings of the biggest corporations of world The government of India owns 51.11% in the company .
This oil and gas company is a navratna PSU of Indian government contributing in refining and marketing of petroleum based products. It holds 3 refineries and possess extensive network of petrol pumps as well as LPG distributors.
The company has more than 18000 employees and a business turnover of 8 million dollar.It has nearly 20% market share in the country among PSUs as well as holds a strong marketing infrastructure.
6. Oil India limited
Oil India limited is a Indian public sector company headquartered in Duliajan of Assam , involved in the production of crude oil and natural gas .It is the second largest hydrocarbon exploration and production. This company is under the control of the Ministry of Petroleum and Natural gas of the Indian government. It consists of 11000 employees with a business turnover of 35 billion dollars. The company gained Navratna status and is one of the oldest oil companies of India.
7. Cairn India
This company falls under public sector and it stands in fifth position in the list of the top most oil and gas companies with turnover approximately 3400 million dollars and higher. It is involved in producing the best oil, gas and petroleum products for different agencies in India and overseas.
It makes its own specialty by its exceptionally massive business coverage. It employs around 2000 employees and its headquarters are situated in Gurgaon ,Haryana. The company serves in India ,Sri Lanka, and South Africa.
8. Essar Oil limited
Essar Oil limited has its refinery in Vadinar, in Gujarat state. It has its contribution in the exploration and production of oil and natural gas, purifying of crude oil and advertising of petroleum products. It has its headquarters in Mumbai, the company has more than 75000 employees and it has a turnover of 9 billion dollars, and it is one of the oldest companies in India.