8 Indian cos among world's 500 largest corporations: Fortune

New York, Jul 11 (PTI) Eight Indian companies have made
the cut in the list of world's 500 largest companies compiled
by Fortune magazine, with Indian Oil finding a place in the
top 100 and Reliance Industries in 134th spot.
Out of the eight, five are state-run entities. Indian Oil
has cornered the 98th spot, up from 125th place last
year. Mukesh Ambani-led Reliance Industries has also improved
its ranking from previous year's 175.
Other Indian companies in the list are Bharat Petroleum
(271), State Bank of India (291), Hindustan Petroleum (335),
Tata Motors (358), ONGC (360) and Tata Steel (369).
Fortune's global list of world's 500 largest companies
for 2011, compiled on the basis of latest annual revenue
figures, is topped by retail giant Wal-Mart Stores. The
retailer had annual revenues of USD 421,849 million.
The 2010 list also featured the same eight Indian
companies. In the latest ranking, except State Bank of India,
all other entities have improved their positions.
Last year, State Bank of India was at the 282 spot,
followed by Bharat Petroleum (307), Hindustan Petroleum (354),
Tata Steel (410), ONGC (413) and Tata Motors (442).
Wal-Mart Stores is followed by Royal Dutch Shell (USD
378,152 million) and Exxon Mobil (USD 354,674 million) at
second and third positions, respectively.
According to the latest rankings, Indian Oil raked in
annual revenues of USD 68,837 million while that of Reliance
Industries stood at USD 58,900 million.
Bharat Petroleum had revenues of USD 34,102 million,
while State Bank of India netted USD 32,450 million in
revenues. The revenues of Hindustan Petroleum's stood at USD
28,593 million, Tata Motors (USD 27,046 million), ONGC (USD
26,945 million) and Tata Steel (USD 26,065 million).
The list features 61 Chinese companies.
Meanwhile, other companies in the global top ten are BP
(4), Sinopec Group (5), China National Petroleum (6), State
Grid (7), Toyota Motor (8), Japan Post Holdings (9) and
Chevron (10).