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IOC in 98th spot in Fortune Top 100

By Religare
IOC in 98th spot in Fortune Top 100
Indian Oil Corporation, an Indian state-owned oil and gas company headquartered at Mumbai, is ranked 98th from the earlier 125th spot in the Fortune Global 500 list in 2011. The list comprises of the world's largest companies by sales for 2011.

The country's largest commercial enterprise is one of the 100 largest companies in the world in 2011, with revenue of $ 68,837 million and profits of $ 1,719 million.

For the past several years, Indian Oil Corp has made it to the list of the Fortune Global 500.

The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine.

Story first published: Tuesday, July 12, 2011, 12:33 [IST]
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