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ONGC is Top Energy Company of India; 5th in Asia, 21st globally: Platts

Also maintains place as world's 3rd ranked E&P company

Energy major Oil and Natural Gas Corporation has been ranked as the Top Energy Company in India, in the coveted Platts Top 250 Global Energy Company Rankings 2014.

ONGC has improved on its global ranking up by a notch to feature at 21st place among the global energy majors. In the Asia/Pacific (APAC) rim, ONGC was featured at the 5th position, up from 7th last year. ONGC has also maintained its position as the 3rd ranked Exploration and Production company globally.

With many great initiatives in the pipeline, the Maharatna Company is poised to gain bigger milestones in the times to come as it puts its production plans on fast-lane. This recognition comes on the heel of ONGC’s recent ranking in BT 500 where it gained two positions to be placed at Number 2 among the Indian corporate biggies.

ONGC has been ranked 5 among 82 companies of the APAC region. Asian companies have once again demonstrated their growing influence and have moved up in both number and position. 13 Indian companies figure in the Top 250 Global Energy Company list (as against 12 last year), including, Reliance Industries Ltd (22), Indian Oil Corporation (43), Coal India Ltd (47), NTPC (50), BPCL (66), GAIL (97), Cairn India Ltd (104), Power Grid Corp of India Ltd (142), HPCL (153), Reliance Infrastructure Ltd (198), Oil India Ltd (208) and Essar Oil Ltd (232).

The annual survey of global energy companies by Platts measures the financial performance using four key metrics: asset worth, revenues, profits and return on invested capital. All the companies in the list have assets greater than US $5 bn.