India is one of the largest consumers of oil and gas in the world and has a rapidly growing energy sector.
With an emphasis on the exploration, production, refining, and distribution of oil and gas as well as the creation and distribution of power, the nation is home to some of the biggest and most prosperous oil and energy firms in the world.
The top 20 oil and energy companies in India, as of 2023, are leaders in the industry, known for their innovation, efficiency, and commitment to sustainability.
These companies are driving the growth of the energy sector and contributing to the country’s economic development. They are also playing a critical role in meeting the energy needs of the country’s growing population.
Indian Oil Corporation Limited (IOCL)
Indian Oil Corporation Limited (IOCL) is a state-owned oil and gas company based in India. It is the largest commercial oil company in the country and one of the largest publicly traded companies .
IOCL was founded in 1964 and has since grown to become a major player in the oil and gas industry, with operations in exploration, production, refining, and marketing of petroleum products.
IOCL operates 10 refineries across India with a total refining capacity of 80.7 million metric tons per annum.
It is the largest producer of liquefied petroleum gas (LPG) in the country and has a widespread marketing network that includes more than 40,000 retail outlets and more than 500 bulk storage terminals.
In addition to its core oil and gas business, IOCL is also involved in a number of other ventures, including the production and distribution of petrochemicals, renewable energy, and exploration and production of natural gas.
The company is committed to sustainability and is actively pursuing initiatives to reduce its carbon footprint and increase its use of renewable energy.
Overall, Indian Oil Corporation Limited is a major player in the oil and gas industry and a critical player in meeting the energy needs of the country’s growing population.
Bharat Petroleum Corporation Limited (BPCL)
Bharat Petroleum Corporation Limited (BPCL) is a state-owned oil and gas company based in India. It was established in 1952 and is headquartered in Mumbai. BPCL is engaged in the exploration, production, refining, and marketing of petroleum products.
The company operates two major refineries , with a combined refining capacity of 38 million metric tons per annum.
BPCL has a strong presence in the domestic market, with a widespread marketing network that includes over 15,000 retail outlets and more than 400 bulk storage terminals.
The business also produces and distributes petrochemicals, and it is aggressively looking for new business opportunities in sectors like renewable energy and natural gas.
In recent years, BPCL has been recognized for its commitment to sustainability and its efforts to reduce its carbon footprint. The company has implemented a number of initiatives aimed at reducing emissions and increasing the use of renewable energy sources.
Overall, Bharat Petroleum Corporation Limited is a major player in the Indian oil and gas industry and is critical to meeting the energy needs of the country’s growing population.
BPCL is well-positioned to take advantage of the opportunities and challenges in the sector because to a strong focus on innovation, efficiency, and sustainability.
Hindustan Petroleum Corporation Limited (HPCL)
Hindustan Petroleum Corporation Limited (HPCL) is a Government of India Enterprise and a leading Navratna Public Sector Undertaking (PSU) oil marketing company.
Its corporate headquarters are in Mumbai, where it was founded in 1974. The company is engaged in the exploration, production, refining, and marketing of petroleum products, including liquefied petroleum gas (LPG), gasoline, diesel, aviation turbine fuel (ATF), lubricants, and petrochemical products.
HPCL operates two major refineries , one located in Mumbai and the other in Visakhapatnam.
Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company. It was founded in 1956 and is headquartered in Dehradun.
The company is involved in the exploration, production, and development of crude oil and natural gas. ONGC is the largest oil and gas exploration and production company and is a Fortune 500 company.
In addition to its exploration and production activities, the company is involved in various downstream activities, including refining and marketing of petroleum products. ONGC also has international operations in countries such as Vietnam, Iran, and Russia.
Reliance Industries Limited (RIL)
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai. It was founded by Dhirubhai Ambani in 1966 and is now led by his son Mukesh Ambani.
The company is involved in various businesses including petroleum refining and marketing, petrochemicals, textiles, natural gas, and retail. RIL is the largest private sector company and is one of the largest publicly traded companies in the country.
The company’s refining business is one of the largest in the world, and its petrochemicals business is among the top producers of polymer and fiber intermediates globally. RIL has a significant presence in the Indian retail market through its subsidiary Reliance Retail.
Essar Oil Limited
Essar Oil Limited is an Indian oil company that was acquired by Rosneft, a Russian oil company, in 2017. The company was founded in 1969 and is headquartered in Mumbai.
Essar Oil is involved in the exploration, production, refining, and marketing of petroleum products . The company operates a 20 million metric tonne per annum (MMTPA) refinery in Vadinar, Gujarat, which is one of the largest refineries .
Essar Oil is also involved in the retail distribution of petroleum products and has a retail network of over 4,000 outlets. In addition to its oil business, the company is involved in various other businesses including steel, ports, power, and construction.
Cairn India Limited
Cairn India Limited is an Indian oil and gas exploration and production company. It was founded in 2007 and is headquartered in Gurgaon. The company is primarily involved in the exploration and production of oil and natural gas , with its primary assets being located in the state of Rajasthan.
Cairn is the largest independent oil exploration and production company in India and is a subsidiary of Vedanta Limited, a global natural resources company.
The company’s oil and gas production primarily consists of crude oil and natural gas, and it operates a number of onshore and offshore fields .
In addition to its exploration and production activities, Cairn is involved in various upstream activities, including drilling, development, and production of oil and gas fields.
GAIL (India) Limited
GAIL (India) Limited is an Indian state-owned natural gas processing and distribution company.
It was founded in 1984 and is headquartered in New Delhi, India. The company is involved in the exploration, production, transportation, and marketing of natural gas and liquefied petroleum gas (LPG).
The greatest natural gas transmission network in the nation is run by GAIL, the main state-owned natural gas processing and distribution corporation.
The company is also involved in the development of various infrastructure projects, such as pipelines, liquefied natural gas (LNG) terminals, and city gas distribution projects.
In addition to its natural gas business, GAIL is involved in other businesses including petrochemicals, liquid hydrocarbon, and wind energy.
Tata Power Company Limited
Tata Power Company Limited is an Indian electric utility company. It was founded in 1911 and is headquartered in Mumbai.
The company is engaged in the generation, distribution, and sale of electricity to industrial, commercial, and residential customers in.
Tata Power is one of the largest private sector power companies and has a diversified portfolio of generation assets that includes thermal, hydro, wind, and solar power plants.
The company operates several power plants, including the country’s largest private sector thermal power plant located in Mundra, Gujarat.
In addition to its power generation business, Tata Power is involved in various other businesses including distribution and trading of electricity, and transmission and distribution of natural gas.
NTPC Limited
NTPC Limited is an Indian public sector electricity generation company. It was founded in 1975 and is headquartered in New Delhi, India.
The company is involved in the generation and sale of electricity to state-owned power distribution companies and industrial customers.
NTPC is the largest power generation company and operates a portfolio of power plants that include coal-fired, gas-fired, and renewable energy plants. The firm is a major player in the Indian power sector and has a total installed capacity of more than 60,000 MW.
In addition to its power generation business, NTPC is involved in various other businesses including power trading, transmission and distribution of electricity, and coal mining. NTPC has a significant presenceand has operations in several other countries, including Bhutan, UAE, and Bangladesh.
Adani Gas Limited
Adani Gas Limited is an Indian natural gas distribution company. It was established in 2014 and is a subsidiary of Adani Group, an Indian conglomerate. The company is involved in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) to industrial, commercial, and residential customers in India.
Adani Gas operates in several cities , including Ahmedabad, Faridabad, Lucknow, Jaipur, and Agra, and has plans to expand its network to other cities in the future. The company is focused on promoting the use of natural gas as a cleaner and more environmentally friendly fuel alternative to other fossil fuels.
In addition to its natural gas distribution business, Adani Gas is involved in various other businesses including liquefied natural gas (LNG) terminal development and city gas distribution.
Power Grid Corporation of India Limited
Power Grid Corporation of India Limited (PGCIL) is an Indian state-owned electric utility company. It was established in 1989 and is headquartered in Gurgaon, India.
The company is responsible for the transmission of electricity and operates a pan-India transmission network, which includes more than 160,000 circuit kilometers of transmission lines and over 220 substations.
PGCIL is the largest transmission company in India and plays a key role in ensuring the reliability and stability of the country’s power grid.
The company is involved in the planning, design, construction, operation, and maintenance of the inter-state transmission system and is also involved in the development of regional and national power grids.
In addition to its transmission business, PGCIL is involved in various other businesses, including consultancy services and telecom services.
Torrent Power Limited
Torrent Power Limited is an Indian private sector electric utility company. It was founded in 1996 and is headquartered in Ahmedabad. The company is engaged in the generation, transmission, and distribution of electricity to industrial, commercial, and residential customers.
Torrent Power operates in several cities , including Ahmedabad, Bhiwandi, Surat, and Gandhinagar, and has a total installed capacity of over 4,000 MW.
The company is focused on providing reliable and cost-effective electricity services to its customers and is involved in various initiatives to promote energy efficiency and conservation.
In addition to its power generation and distribution business, Torrent Power is involved in various other businesses including natural gas distribution, solar power generation, and power trading.
Indraprastha Gas Limited
Indraprastha Gas Limited (IGL) is an Indian natural gas distribution company. It was established in 1998 and is headquartered in New Delhi, India.
The company is involved in the distribution of piped natural gas (PNG) and compressed natural gas (CNG) to industrial, commercial, and residential customers in the National Capital Region (NCR) .
IGL operates a network of pipelines and distribution infrastructure in the NCR and is a leading player in the city gas distribution sector . The company is focused on promoting the use of natural gas as a cleaner and more environmentally friendly fuel alternative to other fossil fuels.
In addition to its natural gas distribution business, IGL is involved in various other businesses including gas sourcing and marketing, and LPG distribution.
Adani Green Energy Limited-
Adani Green Energy Limited is an Indian renewable energy company that focuses on developing, constructing, and operating solar and wind power projects.
The company is part of the Adani Group, which is a large Indian conglomerate with interests in various sectors including energy, infrastructure, logistics, and agribusiness.
Adani Green Energy Limited has a significant presence in India’s renewable energy sector and has been actively involved in building large-scale solar and wind power projects across the country.
As of September 2021, the company has an installed renewable energy capacity of over 15 GW, which includes both solar and wind power projects.
In addition to its domestic operations, Adani Green Energy Limited has also expanded its presence in other countries, including the United States, Australia, and several other Asian and African nations.
The company aims to become one of the world’s largest renewable energy companies in the coming years and has set a target of achieving 25 GW of renewable energy capacity by 2025.
JSW Energy Limited-
JSW Energy Limited is an Indian energy company that specializes in generating electricity through thermal, hydro, and renewable energy sources.
The company is part of the JSW Group, which is a large Indian conglomerate with interests in various sectors, including steel, infrastructure, cement, and energy.JSW Energy operates a diversified portfolio of power plants across , with a total installed capacity of around 4.5 GW.
The company’s thermal power plants use coal and lignite as fuel sources, while its hydropower plants utilize water resources. In addition, JSW Energy has been rapidly expanding its renewable energy portfolio, with a focus on wind and solar power projects.
JSW Energy has also been exploring opportunities to expand its operations overseas. The company has a subsidiary in South Africa, and it has been actively exploring renewable energy projects in other countries as well.
The company has a strong focus on sustainability and has implemented several initiatives to reduce its carbon footprint and promote environmental conservation.
JSW Energy aims to continue expanding its renewable energy portfolio and is targeting to achieve 20 GW of installed capacity by 2030, with a 85% share of renewable energy sources.
Bharat Forge Limited-
Bharat Forge Limited is an Indian multinational company that specializes in manufacturing and supplying forgings, castings, and other engineering products. The company is a leading player in the automotive, defense, aerospace, and industrial sectors, and has a presence in several countries across the world.
Bharat Forge’s products are used in a wide range of applications, including engines, transmissions, axles, chassis, and suspension systems for vehicles, as well as for various industrial and infrastructure applications.
The company’s manufacturing facilities are equipped with advanced technologies and processes, enabling it to produce high-quality products that meet the demanding requirements of its customers.
In addition to its core business of manufacturing and supplying forgings and other engineering products, Bharat Forge has been actively investing in new technologies and business models to drive growth and innovation.
The company has a strong focus on sustainability and has implemented several initiatives to reduce its environmental impact and promote social responsibility.
Bharat Forge has a global footprint, with manufacturing facilities in , Germany, the United States, and China, among others.
The company has been expanding its presence in new markets and industries, and has been exploring opportunities in areas such as electric vehicles, defense and aerospace, and emerging technologies like 3D printing and artificial intelligence.
Tata Chemicals Limited-
Tata Chemicals Limited is an a multinational corporation based in India that works in the consumer goods, materials, and chemicals sectors. The company is part of the Tata Group, which is a large Indian conglomerate with interests in various sectors, including steel, automotive, information technology, and hospitality.
Tata Chemicals has a diverse portfolio of products and services that are used in a wide range of industries and applications. The company’s products include soda ash, salt, fertilizers, industrial chemicals, food additives, and consumer products such as branded salt, pulses, and spices.
Tata Chemicals has a strong focus on sustainability and has implemented several initiatives to reduce its environmental impact and promote social responsibility. The company has invested in renewable energy projects, water conservation, and waste management initiatives, among others.
In addition to its core business of manufacturing and supplying chemicals and materials, Tata Chemicals has been actively investing in new technologies and business models to drive growth and innovation.
The company has a presence in several countries across the world and has been expanding its global footprint in recent years.
Tata Chemicals has also been exploring opportunities in new markets and industries, such as energy storage, electric vehicles, and advanced materials. The company is committed to driving sustainable growth and creating long-term value for its stakeholders.
Jaypee Group-
Jaypee Group is an Indian conglomerate that has interests in various sectors including engineering, construction, power, cement, real estate, and hospitality. The group was founded in 1979 by Jaiprakash Gaur and has grown to become one of India’s leading infrastructure development companies.
Jaypee Group’s flagship company, Jaiprakash Associates Limited, is involved in various infrastructure projects including the construction of highways, bridges, dams, and power plants.
The group’s power division operates several thermal and hydropower plants across India, with a total installed capacity of over 5,000 MW.
In addition to its infrastructure businesses, Jaypee Group is also involved in the production and sale of cement through its subsidiary, Jaypee Cement Corporation Limited.
The group’s real estate division is engaged in the development of residential and commercial properties, and its hospitality division operates several luxury hotels and resorts across India.
In conclusion, the top 20 oil and energy companies in India are playing a crucial role in the country’s energy sector and economy. With the continued growth and demand for energy in India, these companies are well-positioned to capitalize on the opportunities and challenges in the industry.
They are investing in new technologies and exploring new markets to meet the evolving needs of consumers and businesses. With a focus on efficiency, innovation, and sustainability, the top 20 oil and energy companies in India are shaping the future of the energy sector and driving economic growth in the country.
