Oil and natural gas is one of the major sectors in the country’s economy. It is important in various fields from the household to major industries of the country. The top ten oil and natural gas companies of the country are listed below: Here is the list of top 10 largest oil and gas companies in India 2018.
10. Tata Petrodyne
In the tenth position we have Tata Petrodyne. It is one of the leading groups of the company in the oil and gas sector. Its head office is located in Mumbai, Maharashtra. The company’s turnover is 100 Billion Dollar. It is the subsidiary of the TATA group of companies founded by J.R.N. Tata.
The company has joint ventures with various other international companies and has ties with countries like Amsterdam, Perth, and Jakarta.
9. Oil India Ltd
This is the second largest hydrocarbon exploration company of India and its head office is located in Duliajan, Assam. It has more than 11000 employees with a business turnover of 35 Billion Dollar. It is governed by the Ministry of Oil and Natural gas of the country with Mr Utpal. Bora as the Chairman and Managing Director. It was started in the year 1889 and is one of the oldest oil companies of India. The company is a state-owned Navratna and has its corporate offices in Noida.
8. Hindustan Petroleum Corporation
This company is a state owned oil and natural gas company whose head office is located in Mumbai. The company has more than 18000 employees and a business turnover of 8 Million Dollar. It was founded in the year 1974. The Government of India owns 51.11% in the company and was also listed in the Fortune Global 500 list of the world’s biggest corporations as of 2016. M.K. Suvarna is the managing director and Chairman of the company.
7. Gas Authority of India
GAIL or the Gas Authority of India is another state owned oil and natural gas company. Its head office is located in New Delhi. It has more than 4000 employees and an 8 Billion Dollar turnover.
The company earned its Maharatna status in 2013 by the Government of India. The company was founded in the year 1984. Shri B. C. Tripathi is the Chairman and the managing directors of the country. It is one of the country’s most trusted brands.
6. Cairn India
Founded in the year 2007 this company has its head office in Gurgaon, Haryana . The company’s turnover is 3400 Million Dollar. With more than 2000 employees this is one of the emerging names in the oil and natural gas sector of the company. The CEO of the company is Mayank Ashar and the chairman Navin Agarwal. The company serves in India and has its holdings in Sri Lanka and also South Africa. It is one among the top 10 largest oil and gas companies in India 2018.
5. Essar Oil Limited
This company is engaged in the exploration of crude oil and marketing of natural gas. The company’s head office is located in Mumbai. With a turnover of 9 Billion Dollar and more than 75000 employees this company provides great services to its clients. The Chairman of the company is Ravi Ruia and Lalit K Gupta is the Managing director and the CEO. The major refinery of this company is located in Vadinar, Gujarat which makes it the largest non-state refinery of the country.
4. Reliance Petroleum Limited
A subsidiary to the Reliance Company Limited was founded in the year 2008. The company’s head office is located in Ahmadabad, Gujarat and has a turnover of 670 Million Dollar. It has more than 10000 employees. Mukesh Ambani is the key person of this company. Reliance Petroleum Limited has its benefits from an alliance with Chevron India Holdings Pte Limited, Singapore. The Jamnagar refinery is the source for the company’s oil and is the biggest refinery of the country.
3. Bharat Petroleum
The head office of Bharath petroleum is located in Mumbai, Maharashtra. With a turnover of 40 Billion Dollar the company has more than 15000 employees and is well known in the Oil, gas and Petroleum. The company has two major refineries situated in Mumbai and Cochin. The company was ranked in the Fortune 500 global list. S. Varadarajan is the Managing Director and the Chairman of the company. It is also anther undertaking of the Government of India.
Oil and Natural Gas Corporation or the ONGC has its headquarters in Dehradun, Uttarkhand. It was founded in 1956 and has a turnover of 6.50 Billion Dollar. The company has more than 33000+ employees and is one of the biggest names in the Oil and gas sector of the country. It is the largest among all the governments undertaking in the oil and natural gas sector. It was ranked in the Fortune Global 500 and is also 17th among the Top 250 Global Energy Companies by Platts.
1. Indian Oil Corporation
In the first position we have Indian Oil Corporation. This company was started in the year 1959. The company’s headquarters is located in New Delhi, India. It has 28 Billion Dollar turnover and more than 35000 employees. 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
These are the major players in the oil and gas companies of India 2018. It is highly important to preserve our resource and also make the best use of it.