Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  Top 500 firms log Rs9,000 bn income in FY07
BackBack

Top 500 firms log Rs9,000 bn income in FY07

Top 500 firms log Rs9,000 bn income in FY07

Premium

New Delhi: Continuing on high growth path, corporate India posted over Rs19,000 billion of total income in fiscal 2007, reflecting strong fundamentals and positive outlook for the economy.

As many as four state-run oil firms have emerged among the top five companies in the country in terms of total income for the period. Reliance Industries is the sole representative of the private sector among the first five.

The aggregate total income of all the Top 500 companies has grown 28.4% to Rs19,335 billion in FY07 as compared to the previous fiscal, a report by leading global business information provider Dun & Bradstreet said.

State-run Indian Oil Corporation is at the top with a total income of Rs21,63,97.85 crore, which grew 22.5%, followed by Reliance Industries with Rs1,12,171 crore.

The other state-run firms in the top five include - Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd and Oil and Natural Gas Corporation reporting Rs98,293.4 crore, 89,725.7 crore and 60,870.61 crore total incomes respectivelyl.

“Reflecting the growth opportunity inherent in the Indian economy and the ability of India Inc to capitalise on that, we saw over 20% new companies make it to the top 500 list this year. These 103 new companies that debuted on the list witnessed a 58% increase in their cumulative total income," said Kaushal Sampat, chief operating officer, Dun & Bradstreet (India)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 05 Feb 2008, 04:13 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App