The production of Oil and Gas is the standard for the growth of economy in many ways and works as the backbone of Indian economy. Different oil and gas companies in India have been vigorously contributing towards the fast growth of the economy of India.
They even offer business opportunities to many raw material suppliers as well as they are great source of fuel supplies. Most of the oil and gas companies in the country are Public Sector Undertakings (PSU) organised by Indian Government. If you are confused about and specialities of several top Oil and Gas Companies in the country, you can get thorough information below:
Following are the top 10 Best & Biggest Oil And Gas Companies In India in 2018
10. Oil India Limited:
Oil India Limited (OIL) is placed in the list as it is the second largest hydrocarbon exploration & production (E&P) Indian public sector Company having its headquarters in Duliajan, Assam. This company is run under the organisational control of the Ministry of Petroleum and Natural Gas of the Indian Government. This oil and gas company is active in the business of development, exploration, and production of crude oil as well as natural gas, conveyance of crude oil and manufacture of liquid petroleum gas. It holds large market capitalisation of Rs. 31,000 crores, serving many employees all over India.
9. TATA Petrodyne:
Tata Petrodyne is measured as one of the leading Oil and Gas Companies with yearly turnover of around 200 Billion Dollars. Basically it is a subsidiary company of the great TATA companies. It is recognized for its implausible customer services apart from its main Gas, Oil, and Petroleum Products business. This is a privately-owned company with great employee configuration and has headquartered in Mumbai. This company has interest in two offshore blocks in UK and Australia respectively as well as seven offshore and onshore blocks in different states of India.
8. Hindustan Petroleum Corp. Ltd (HPCL):
HPCL is an Indian state-owned oil and natural gas company having its headquarters functioning at Mumbai and has gained Navratna status. This company has been ranked 260th in the Fortune Global 500 rankings of the biggest corporations of world in year 2013 and ranked 4th among India’s Companies for year 2012, adding to its popularity. It has nearly 20% marketing share in the country among PSUs as well as holds a strong marketing infrastructure. This Oil and Gas Company is a Navratna PSU of Indian Government contributing in refining and marketing of petroleum based products. It holds 3 refineries and possess extensive network of petrol pumps as well as LPG distributors.
7. Gas Authority of India :
This company correctly relates to its names as it has strong influence over all other similar industries in the list of the finest Indian Oil and Gas Company. Its yearly turnover exceeds 10 Billion Dollars and it is more recognised in India as the most politically-immersed. It is known to supply quite affordable Oil, Gas and Petroleum Products to entire world with its headquarters in New Delhi. It is basically a public sector company that employs 4,700+ employees overall.
6. Essar Oil Limited:
Essar Oil is an established name in India since many decades because of its active contribution in the exploration and production of oil and natural gas, purifying of crude oil, and advertising of petroleum products. It is basically a share of the Essar Group with headquarters in Mumbai. Basically it runs a major refinery in Vadinar, in Gujarat state which made it the second greatest non-state refiner in India in year 2009.
5. Cairn India:
The Cairn India Company highlights in the fifth position in the list of the topmost oil and gas companies with turnover approximately 3,400 Million Dollars and higher. This il and Gas Company stands out from others because of its exceptionally massive business coverage. It is involved in manufacturing the best Oil, Gas and Petroleum Products for different agencies in India and overseas and it is incorporated as a public sector company. It employs large number of employees with number crossing 2000 and it’s headquarter is situated in Gurgaon, Haryana.
4. Bharat Petroleum:
The Bharat Petroleum Company tops this list at fourth position as it has effectively turned-over more than 40 Billion Dollars. It is more recommended company as it is quite affordable compared to its competitors, has its headquarters in Bangalore. The company targets to provide the finest quality Oil, Gas and Petroleum Products tested after thorough manufacture process to India and overseas. It belongs to category of a publicly-owned industry with around 14,000+ employees.
3. Reliance Petroleum Limited:
The Reliance Petroleum Limited Company rules the domain of oil and gas production since many decades with its headquarters located in Ahmadabad. The company holds the title of being the most versatile and customer-based company in the country and also in the world. It also helps clients by sharing possibilities of finding the most practical oil and gas capitals for business. Apart from supplying oil and other LPG products, it carries out discourses to an extensive platform of audience all over the world. It belongs to a Government-owned sector, having employed more than 10,000 employees.
2. Oil and Natural Gas Corporation (ONGC):
This Oil and Gas Company ranks at third position in the list and secures number eight in the entire world. It records a large turns-over over 6.50 Billion Dollars a year and is acknowledged as one of the most reliable industries in India. This Oil and Gas Company belongs to public sector category and has provided employment opportunities for nearly 33,000+ applicants. The company is involved in exploiting hydrocarbons in 26 sedimentary basins of the country, and operates over 11,000 kilometres of pipelines.
1. Indian Oil Corporation:
Indian Oil Corporation Limited (briefly identified as IndianOil) is an Indian state-owned oil and gas firm with its headquarters located in New Delhi. This company is the world’s 88th largest companies, as per the Fortune Global 500 list, and the largest in category of public corporation in India when ranked by revenue. It is the Oil and Gas Company that operates the largest and the extensive network of fuel stations all over India, totalling about 20,575. Other brands possessed by this are AutoGas – Automotive Natural Gas, Xtra Premium – Automotive Premium Petrol, Xtra Mile – Automotive Premium Diesel, IndaneGas – Domestic and Industrial Gas and Servo – Lubricants and Greases.
Top Companies involved in business of the Oil & Gas sector not only funds towards the growth of economy through its production but also provides great range of employment prospects to the suitable talents. This sector holds large production process and large base of officials involved for the best outcome in oil and gas production.