Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with
Indian Oil finding a place in the top 100 and
Reliance Industries in 134th spot.
Out of the eight, five are state-run entities. Indian Oil has cornered the 98th spot, up from 125th place last year. Mukesh Ambani-led Reliance Industries has also improved its ranking from previous year's 175.
Other Indian companies in the list are Bharat Petroleum (271), State Bank of India (291), Hindustan Petroleum (335), Tata Motors (358), ONGC (360) and Tata Steel (369).
Fortune's global list of world's 500 largest companies for 2011, compiled on the basis of latest annual revenue figures, is topped by retail giant Wal-Mart Stores. The retailer had annual revenues of $421,849 million.
The 2010 list also featured the same eight Indian companies. In the latest ranking, except State Bank of India, all other entities have improved their positions.
Last year, State Bank of India was at the 282 spot, followed by Bharat Petroleum (307), Hindustan Petroleum (354), Tata Steel (410), ONGC (413) and Tata Motors (442).
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