• Thursday, March 28, 2024

Business

Reliance industry becomes world’s third largest energy firm

By: Eastern Eye Staff

Reliance Industries ltd has skiped five places to rank as the world’s third-biggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings.   Reliance, the owner of world’s biggest refinery complex, was ranked at 7th position last year.  Russia’s Gazprom snagged the number 1 spot, ending US oil and gas giant ExxonMobil’s 12-year reign at the top of the list (ExxonMobil holding within the lead ten at 9th place).  Among this year’s biggest movers is E.ON, which climbed 112 places to 2nd place from 114th.  State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing…

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