Oil and gas are one of the essential things for peoples nowadays. Everyone has the vehicle that mostly uses petrol or diesel or running on gas. Most of these products are imported from gulf countries like Saudi Arabia, Iran, and UAE to India. Most of the oil companies in India are under the Public Sector. They have the power to decide the price of petroleum products. These companies, mostly import the petroleum products from other countries. They earn a huge turnover from the sale of petroleum products.
Here is the list of top 10 best oil and gas companies in India.
10. Tata Petodyne
Tata is one of the top companies in India not only in petroleum products ,but also in various other ventures. The headquarters of Tata Petrodyne Ltd is in Mumbai. Tata Sons Ltd purchased the 100% stake of Tata heterodyne to form the company under its own parent company in march 2005. Most of its petroleum products are imported from other countries. They also have their subsidiaries, branch in various countries in Amsterdam, Netherlands. And their representative offices are in Perth, Jakarta, and Dar-es-salaam. Yearly turnover of this company is over 100 billion Indian Rupee.
9. OIL India Ltd
Oil India Ltd is a public sector company which produces and distributes petroleum products from the year 1889 making it as one of the oldest companies in India. This company has the longest history and set various milestones for its counterparts. This company has more than 1000 distributors all over India to distribute petroleum products to the consumers. This company’s corporate head office was in Mumbai, Maharashtra. It also has an employee strength of over 11000 employees working in their factories. The annual turnover of this company is more than 650 million US dollars.
8. Hindustan Petroleum
Hindustan Petroleum is mostly known by his acronym HP. It was one of the leaders of petroleum production and distribution company in India. This company also has their headquarters in Mumbai, Maharashtra has more than 18000 employees are working in their petroleum refineries. The annual turnover of this company is about 8 million US dollars. This company has more than 10000 distributors to distribute petroleum and other gas products to its consumers.
7. Gas Authority of India
Gas Authority of India also called as GAIL. It was one of the states owned natural gas and oil production company in India. The headquarters of this company is in National Capital Delhi. It was listed in 131st rank in the most trusted brands in India in 2014. This company is the leader in production and distribution of natural gas and it also constructed pipeline all over the country to transmit its natural gas and other petroleum products all over the country. The annual turnover of this company is more than 8 Billion US dollars and have the employee strength of more than 4000 employees.
6. Cairn India
Cairn India is the public limited company based in India. It is one of the largest oil and gas exploration and production company in India. Headquarters of this company is in Gurgaon of Haryana state. It is also one of the subsidiary company of Vendetta Resources. It also exports petroleum and other products to Sri Lanka and South Africa. It was founded in the year 2007 and Vendetta resources purchase about 59% share from this company in 2010 to make this company as its subsidiary. The annual revenue of this company is about 3400 Million US dollars.
5. Essar Oil
Essar Oil is one of the Indian Based company that engaged in the production and exploration of oil and natural gas. This company’s headquarters is in Mumbai, Maharashtra. It is the subsidiary company of Essar group which is one of the largest group of company. It has a refinery station in Vadinar, Gujarat. It also second largest non-state refinery in India as of 2009. The annual revenue of this company is 22 billion US dollars.
4. Reliance Petroleum Limited
Reliance is one of the largest group of a company formed Dhirubhai Ambani. Reliance Petroleum is one of the subsidiary company under Reliance Industries Limited which was headed by Mukesh Ambani. Reliance petroleum limited was formed in the year 2008. It has its headquarters in Ahmedabad, Gujarat. It is one of the largest refinery in the world, making the annual crude oil processing of about 1,24,000 barrels per stream day. The annual turnover of this company is about 550 million Us dollars
3. Bharat Petroleum
Bharat Petroleum is one of the leading company in the production and exploration of oil and natural gas in India. Bharat Petroleum is one of the state-controlled petroleum company in India. It has two largest refinery station located in Mumbai and Cochin. These two refineries are one of the largest refinery stations in India. It also has other refinery stations located in Bina in Madhya Pradesh and Numaligarh in Assam. The annual revenue of this company is 36 billion Us dollars. It was operating from Bangalore, Karnataka.
Oil and Natural Gas Corporation is a Public-sector Government undertaking multinational company in India. It was one of the largest company in India in Oil and gas exploration and production. This company produces around 70% of India’s crude oil and produces 67% of natural gas. This company was founded in 14th august 1956. It was owned and controlled by the Government of India. This company was operating from New Delhi, India. The annual revenue of this company is 21 billion Us dollars.
1. Indian Oil Corporation
The Indian Oil Corporation is India’s largest oil production and exploration company operating from New Delhi, India. This company was founded in 1959 for the production and distribution of Petroleum and natural gas. It is the leading Indian company in Forbes 500 companies in the world sitting in 161st place. This company has oil refineries in Digboi, Guwahati, Barauni, Haldia, Matura, Panipat, Odisha, and in Gujarat. The net annual income of this company is 66 billion US dollars.
So above mentioned are the best oil companies of the country which meet all requirement of the people of The Nation.