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Top 10 Oil and Gas Companies in India

Top 10 Oil and Gas Companies in India:- The production of oil and gas is the standard for the growth of the economy in many ways and works as the backbone of the 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 materials suppliers and are a great source of fuel supplies. Most of the oil and gas companies in the country are Public Sector Undertaking(PSU) organized by the Indian Government.

Top 10 Oil and Gas Companies in India

Here is the list of the Top 10 Oil and Gas Companies in India. In this list, we have assured the top oil and gas companies in India. These companies have good revenue and turnover in the year and public trust in these companies. So we have done research and study to prepared this list.

No.1 Indian Oil and Corporation

Indian Oil and Corporation is an Indian State-owned oil and gas firm headquarter located in New Delhi. This company is the world’s 88th company as per the fortune global 500 lists. This company was started in the year 1959. It also has subsidiaries in Sri Lanka, Mauritius, and UAE. Indian Oil’s equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India. These are the major player in the Oil and Natural Gas Companies of India 2017. This Sector holds a large production process and a large base of officials involved for the best outcome in oil and gas corporations.

  • Founded:- 30 June 1959.
  • Headquarters:- New Delhi, India.
  • Key People:- Shrikant Madhav Vaidya(Chairman).
  • Revenue:- ₹487,152 crore.
  • No. of Employees:- 33,498 (2020).

No.2 ONGC

Oil and Natural Gas Corporation(ONGC) is an Indian government-owned crude oil and natural gas corporation. Its headquarter is situated in New Delhi. 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. It was founded on 14 August 1956 by the Government of India. ONGC Videsh Limited is the international arm of ONGC. It currently has 38 projects across 17 countries.

  • Founded:- 14 August 1956.
  • Headquarters:- New Delhi, India.
  • Key People:- Subhash Kumar(Chairman).
  • Revenue:- ₹433,532.97 crore.
  • No. of Employees:- 30,100(2021).

No.3 Bharat Petroleum

Bharat Petroleum Corporation Limited is an Indian government oil and gas corporation. It is under the Ministry of Petroleum and Natural Gas ownership, Government of India’s headquarter in Mumbai, Maharashtra. The corporation operates two large refineries in the country, located in Kochi and Mumbai. The company is India’s 2nd largest downstream oil company and is ranked 275th on the fortune list of the world’s biggest corporations as of 2019. BPCL ranked 672 in the Forbes 2018 list.

  • Founded:- 1891.
  • Headquarters:- Mumbai, Maharashtra, India.
  • Key People:- K Padmakar(Chairman).
  • Revenue:- ₹286,501.23 crore.
  • No. of Employees:- 12,171  (2020).

No.4 Reliance Petroleum Limited

Reliance Petroleum is an Indian Petroleum Company specializing in oil and energy owned by Mukesh Ambani of Reliance Industries Limited and one of India’s largest private sector companies. It is based in Ahmedabad, Gujarat, India, and has interests in the downstream oil business. Reliance petroleum has long-term chartered two oil rigs- DD KG-1 and DD KG-2( DD stands for Dhirubhai Deepwater). The company holds the title of being the most versatile and customer-based company in India.

  • Founded:- 2008.
  • Headquarters:- Ahmedabad, Gujarat, India.
  • Key People:- Sudhakar Tiwari(CFO).
  • Revenue:- ₹440.78 billion.

No.5 Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited(HPCL) is a subsidiary of Oil and Natural Gas Corporation, established in 1974 with its headquarters in Mumbai, Maharashtra. It has a 25% market share in India among public sector undertaking coupled with a strong marketing infrastructure. The company is ranked 367th on the Fortune Global 500 list of the world’s biggest corporations as of 2016. HPCL  has been steadily growing over the years.

  • Founded:- 1974.
  • Headquarters:- Mumbai, Maharashtra, India.
  • Key People:- M K Surana(MD).
  • Revenue:- ₹270,773 crore.

No.6 GAIL India Ltd.

Gas Authority of India Limited is a government corporation responsible for natural gas processing and distribution in India headquarters in New Delhi, India. It is under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It has the following business segments: natural gas, liquid hydrocarbon, liquified petroleum gas transmission, petrochemical, city gas distribution, exploration, and production. GAIL was listed in the 131st position among India’s most trusted brands according to the Brand Trust Report 2014.

  • Founded:- August 1984.
  • Headquarters:- New Delhi, India.
  • Key People:- Manoj Jain (Chairman, MD).
  • Revenue:- ₹74,054.85 crore.

No.7 Essar Oil Limited

Essar Oil Limited is an established name in India for many decades because of its active contribution in the exploration and production of Oil and Natural Gas, Purifying of Crude Oil, and the advertising of petroleum products. It is basically a share of the Essar Groups with headquarters in Mumbai. It runs a major refinery in Vadinar, in Gujarat state, which made it the second greatest non-state refiner in India in 2009. The company’s head office is located in Mumbai With a turnover of 9 Billion Dollar.

  • Founded:- 1969.
  • Headquarters:- Mumbai, Maharashtra, India.
  • Key People:- Shashi Ruia  (Chairman), Ravi Ruia(Vice-Chairman), Prashant Ruia(CEO).
  • Revenue:- US$14 billion (2020).

No.8 Oil India Ltd.

Oil India Limited is the second largest Indian Government Hydrocarbon exploration and production corporation. It is under the ownership of the Ministry of Petroleum and Natural Gas, Government of India, with its operational headquarters in Duliajan, Assam, India. OIL is engaged in the business of exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of liquid petroleum gas.

  • Founded:- 18 February 1959.
  • Headquarters:- Noida, India.
  • Key People:- Sushil Chandra Mishra(chairman & MD).
  • Revenue:- ₹12,128.52 crore.

No.9 Tata Petrodyne

Tata Petrodyne is measured as one of the leading oil and gas companies with a yearly turnover of around 200 billion dollars. It is a subsidiary company of the greatest 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. The company has joint ventures with various other international companies and has ties with Amsterdam, Perth, and Jakarta.

  • Founded:- 1 July 1993.
  • Headquarters:- Mumbai, Maharashtra, India.
  • Key People:- Anupam Mathur(chairman & MD).
  • Revenue:- US$106 billion.

No.10 Castrol India Ltd.

Castrol India Limited is an Automotive and industrial lubricant manufacturing company. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20% market share in the overall Indian Lubricant Market. It has 5 manufacturing plants that are networked with 270 distributors, serving over 70000 retail outlets.

  • Founded:- 1910.
  • Headquarters:- Mumbai, Maharashtra, India.
  • Key People:- Mr. Omer Dormen(chairman & MD).
  • Revenue:- ₹23,543 million (US$330 million).

Final Thought

Based on research and we have mentioned the Top 10 Oil and Gas Companies in India. There are many Oil and Gas Companies in India, but we have mentioned only those companies which good turnover in the year and revenue over the year. Some companies like Cairn India, Nayara Energy Limited, and so on have not been named in this list because these companies are not so much working and competitive in this line.

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