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Four Indian firms make it to top Fortune 500 list

Submitted by Karthik on 13 July, 2004 - 03:01

Four Indian companies - Indian Oil, Bharat Petroleum, Hindustan Petroleum and Reliance Industries have made it to the list of 500 top companies worldwide compiled by prestigious 'Fortune' magazine.

Last to make the grade is Reliance Industries which occupies the 482nd position among the 500. Its revenue of 11,327.7 million dollars shows an increase of 19.4 per cent since 2002 and its profits at 1,125.5 million dollars are up by 32.7 per cent.

Both Hindustan Petroleum and Reliance Industries had not made the list last year. Discount retail giant Walmart, stores tops the list with a 26,3009 million dollars in revenue which give it a profit of 9,054 million dollars.

The Hindu has this story.