By FMTeam India is a thriving country, and it has grown super fast in the last few years or so, this trend for sure is going to continue like for a while. Right? And in a way, all this growth also demands energy, most of which comes from oil and natural gas consumption, which India is a big consumer of on the global stage. That is the very reason why there are so many oil and gas companies in India right now, and today though, we are here to take a good look at the top 10 leading oil and gas companies in India. Here we go.
1. Indian Oil Corporation Limited (IOCL)
We had to keep this one on the top of this list, and you exactly know why, right? Like, Indian Oil Corporation Limited (IOCL) is India’s largest oil and gas company, headquartered in New Delhi, that is no hidden fact. Just so you know though, it operates over 15,000 kilometers of pipelines and boasts a refining capacity of 80.55 million metric tonnes per annum (MMTPA). Not just that though, beyond traditional energy, IOCL has invested heavily in renewable projects like solar and wind, just saying. Talking about its expansion, well, its international operations in Sri Lanka, Mauritius, and the UAE further highlight its influence in the global energy market.
2. Oil and Natural Gas Corporation (ONGC)
2nd best on the list, you see, ONGC, a Maharatna company, fulfills over 70% of India’s crude oil and natural gas needs. Talking as of 2024, well, headquartered in New Delhi, this one manages more than 570 oil and gas fields and holds reserves exceeding 8.98 billion tonnes of hydrocarbons. As far as their production data is concerned, well, producing 1.26 million barrels of oil equivalent daily, ONGC’s global reach is expanded through its subsidiary, ONGC Videsh, you know, which operates in 15 countries currently.
3. Bharat Petroleum Corporation Limited (BPCL)
Next on the list, we had to mention Bharat Petroleum Corporation Limited (BPCL), based in Mumbai, which operates two major refineries with a total capacity of 28.5 MMTPA. Its extensive network of over 18,000 retail outlets ensures nationwide coverage. Sure enough, recognized globally on the Fortune 500 and Dow Jones Sustainability Index, BPCL truly does stand out mainly because of its investments in clean energy and advanced technologies right here in the country.
4. Reliance Industries Limited (RIL)
Coming in at number four is Reliance Industries Limited (RIL), which you might have already suspected, well, this one is in Mumbai, and works the most extensive refinery in the world in Jamnagar, Gujarat, with a capacity of 1.24 million barrels per day. Yes, that’s the biggest one in India so far. All in all, yes, RIL is the main player that has a major impact on the oil and gas industry by means of the various stages of the process from upstream exploration to downstream refining. Lately, though, they’re more focused on green energy and all that stuff, you know?
5. Gas Authority of India Limited (GAIL)
Next on the list, Gas Authority of India Limited, or GAIL is the largest gas distribution company in India and the pipeline is one of the longest in the world, exceeding 13,000 kilometers in length, that we can say for sure based on the data we have. Sure enough, the company was set up in 1984 and the country has undertaken cleaner energy projects such as LPG production, petrochemical ventures, and renewable energy through GAIL support. Looking at things like their efforts and investments in solar and wind energy, we can say that yes, they’re the best oil and gas company in the country right now.
6. Hindustan Petroleum Corporation Limited (HPCL)
Then, HPCL operates from its headquarters in Mumbai, where they have set up two refineries with a total capacity of 15.8 MMTPA, which is kinda huge if you think about it for a sec. Like, customers can get their hands on HPCL products at retail outlets and through more than 6200 LPG distribution centers across urban and rural areas. In recent years or so, refineries have been their main focus because they have literally mastered the overall distribution network right here in the country.
7. Oil India Limited (OIL)
You’d be kinda surprised to know that located in Duliajan, Assam, Oil India Limited (OIL) is the second-highest expedition and production firm in India, holding about 10% of the nation’s crude oil output, you know? For them though, the year 1959 marked the establishment of OIL which is one of the most important parts of India’s hydrocarbon industry and gets its sustainable energy growth from integrating renewable energy and advanced exploration technologies.
8. Cairn Oil & Gas (Vedanta Limited)
Next on the list, one thing we can say for sure is that Cairn Oil & Gas, which is a part of Vedanta Limited, is responsible for almost 25% of the country’s domestic crude oil output. Just to give you a perspective, well, its main focus is on the extraction of oil at Mangala in Rajasthan, which is one of the largest onshore oilfields in India.
9. Tata Petrodyne Limited
Just so you know though, a member of the Tata Group, Tata Petrodyne Limited, runs a refinery located in Maharashtra which is capable of refining 100,000 barrels of oil per day. Sure enough, it is known for its operational efficiency and the production of superior-quality petroleum products, as well as for its efforts to focus more on renewable energy down the line is what really shows us how parallel they’re with the overall goal that Tata Group has been up to for decades now.
10. Essar Oil (Nayara Energy)
Last on the list, but at present, Nayara Energy is what is referred to as Essar Oil, which has the Vadinar refinery in Gujarat that is rated as one of the most sophisticated in the world and has a capacity of 20 MMTPA, you know? Sure enough, their huge number of retail outlets that are in the 1000s in the country has its shares in the petrol stations across India.
Conclusion
That’s all there is for now. Sure enough, these are by far not just the biggest oil and gas companies, but the most famous names in India as well. So, if you were just looking for this list for general knowledge purposes, or maybe you want to invest in some of these companies, you now have a list to begin with.