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RIL climbs in the top 100 global companies, RIL jumps 10 places in the Fortune global 500 lists, Mukesh Ambani’s Reliance Industries Ltd. grabs its position in the top 100 in the Fortune Global list. Finally, it went up by ten places to break in the top 100. As a result, the cluster of oil-to-telecom is ranked 96th in the year 2020, which Fortune released on 11th August. It is the highest place any Indian company achieved on the list so far.
Previously Reliance managed to come under 100 on 99th position in the year 2012. However, it gradually slipped to the rank of 215th by the year 2016. From thereon, it started its journey upward, and there is no another look back in the rally upward.
Other Indian companies in the list : RIL climbs in the top 100 global companies
State-owned Indian oil corporation Ltd went further down the line by 34 positions to get the position of being the 151st one in the 2020 fortune global list. Subsequently, oil and the natural gas crop are in the 190th position. However, it managed to slip just 30 places in comparison to last year’s result. Besides, India’s biggest lender state bank of India has managed to climb 15 places to reach 221st place in the 2020 list. Also, there is a few more Indian company to make into this list are- Bharat petroleum corporation Ltd is on rank 309th, Tata Motors is now at 337th position; whereas Rajesh exports at 337th position.
Fortune said this list is compiled on by the total revenue for the respective fiscal year ended in or before 31st March 2020.
Where RIL had revenue of $86.2 billion, whereas Ioc has revenue of $69.2 billion. Also, in comparison, ONGC had revenue of $57 billion, and State Bank of India had revenue of $51 billion.
Toppers of 2020 list
As per the Fortune, Walmart topped the list of 2020, having revenue of $524 billion. However, at the next three positions are the Chinese companies- the Sinopec group ($504 billion), the state grid ($384 billion), and China National Petroleum ($379 billion). Royal dutch shell is ranked 5th in the 2020 list.