The oil and gas industry in India is one of the most important sectors of the country's economy. It is responsible for providing energy to millions of people, as well as for driving the country's rapid economic expansion. There are a number of oil and gas companies in India that have made significant contributions to the industry, and Construction World has compiled a list of the 10 best oil and gas companies in India that one should know. Indian Oil Corporation Limited (IOCL) is one of India's leading oil companies.
Founded in 1959, it is headquartered in New Delhi and has been serving across the country, being the best oil and gas industry to rely on. This company is the 88th largest company in the world according to the Fortune Global 500 list, and the largest category of a public corporation in India according to its revenues. Indian Oil Corporation is an oil and gas company that operates the largest and most extensive network of service stations in all of India. It offers a range of products, fuels, lubricants, petrochemicals, and has 35,000 employees with a turnover of $28 billion.
Oil and Natural Gas Corporation (ONGC) is a government-owned company headquartered in New Delhi. It is India's largest oil company and one of India's leading oil trading companies. In addition to supplying oil and other LPG products, it delivers speeches to a wide platform of audiences around the world. ONGC ranks 11th among the world's leading energy companies (Platts), which is why it is one of India's leading oil companies.
It contributes about 75 percent to India's domestic production, employs around 2000 employees and has a turnover of $3.4 billion or more. Bharat Petroleum Corporation Ltd (BPCL) is another company in the public sector and has its businesses spread all over the world. It also has its subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates. This major oil and gas company from India secured eighth place worldwide with a big turnover of $6.50 billion a year. The company operates two major refineries in the country, located in Mumbai and Kochi, with four refineries total.
It belongs to the category of the public sector with more than 14,000 employees. Reliance Petroleum Limited is one of India's leading oil companies, located in Ahmedabad and Jamnagar. Reliance Petroleum refinery is currently the largest refinery in the world and is owned by Reliance industries limited. Mukesh Ambani is the president and CEO of this company. It belongs to the government-owned sector, with more than 10,000 employees employed. HPCL is a public sector company whose head office is located in Mumbai.
The government of India owns 51.11% of this leading oil trading company which has been granted Navratna status. It has 3 refineries and has an extensive network of gasoline pumps, as well as LPG distributors. The company has more than 18,000 employees and a turnover of 8 million dollars. Oil India Limited is an Indian public sector oil company based in Duliajan of Assam, engaged in the production of crude oil and natural gas. It is under the control of the Ministry of Petroleum and Natural Gas of the Indian government.
It has 11,000 employees with a turnover of $35 billion. Essar Oil Limited has its refinery in Vadinar, in the state of Gujarat. It is another largest gas company in India and has contributed to the exploration and production of oil and natural gas, purification of crude oil and advertising petroleum products. Headquartered in Mumbai, it has more than 75,000 employees with a turnover of $9 billion. Public Sector Petroleum Trading Companies (WTO) i.e HPCL) are doing a good job with their huge refinery having a turnover of $40 billion. This Huge Refinery Has a Turnover Of $40 Billion And Is Also Another Company Of The Government Of India. In conclusion, these 10 best oil and gas companies in India have made significant contributions to the country's rapid economic expansion by providing energy to millions of people across the country as well as providing business partnerships with different suppliers of raw materials and being one of the main sources of employment for many people.