Economic Times Intelligence Group's definitive ranking of India's biggest 500 companies by revenue, the ET 500, has placed MRPL at the 18th position, a rung lower than the previous year.

This comes in the wake of Business World's 2013 list of India's most respected companies released in August 2014, in which MRPLwas ranked 18th amongst heavy weights in the oil and gas sector.

With the commissioning of its Petrochemical Fluidized Catalytic Cracking Unit (PFCCU), the second such unit in the country and last of the Units in MRPL's ambitious Rs12,160 crore Phase III expansion & upgradation Project, this 15MMTPA grassroot refinery is poised for the next leap of growth. A Polypropylene plant is also getting ready for commissioning shortly, paving the way for MRPL's foray into new petrochemicals.

Additional Notes :

As per ET 500,2014, the oil & gas sector generates not only the most revenue but also the highest profit per company, thanks largely to public sector oil explorer ONGC (MRPL's parent company) and the private sector refiner Reliance Industries (RIL). The sectorreported revenue of Rs 9.8 trillion and net profit of Rs 45,063 crore in FY14. Its profit per company was Rs 2,650.8 crore, the highest among all the sectors.

Business World rankings are based on detailed survey and data gestalted to measure 'respect' under various parameters, through qualified professionals across 8 cities. Their list of winners published in 2014 is a good indicator of how these companies have performed vis-à-vis peers on operational and financial parameters, and on a host of other criteria such as transparency, ethics and even talent management.

ET 500 ranks companies that qualify as per the following parameters :

1. Total income (or revenue) in the last fiscal. The financial results of companies for periods other than 12 months were annualized, they say.

2. Companies with market capitalisation of over Rs 100 crore.

3. Must trade for at least 75% of the total traded days during the three months to the cut-off date (Aug 2014).

4. Revenue, profit after tax (PAT), and market capitalisation sourced from the ETIG database.

5. Total assets, return on capital employed (RoCE), and return on assets (RoA) are sourced from Capitaline

6. Market capitalisation is the average figure for the month of August 2014.

7. Consolidated financials considered where available.

8. Reported revenue for trading companies calculated by deducting the cost of traded goods from total income.

9. LP stands for prior year's loss turned into profit this year. PL denotes prior year's profit turned into loss. LL indicates loss in both the years.

10 companies accounted for one-third of the total profit earned by ET500 companies in FY14, the same as five years ago. Companies in the oil and gas and IT sectors posted half the profit earned by the top 10, less than the 60% of five years ago.

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