{"id":275665,"date":"2019-05-22T06:26:34","date_gmt":"2019-05-22T06:26:34","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275665"},"modified":"2019-05-22T06:26:34","modified_gmt":"2019-05-22T06:26:34","slug":"reliance-topples-ioc-to-become-the-biggest-indian-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-topples-ioc-to-become-the-biggest-indian-company\/","title":{"rendered":"Reliance topples IOC to become the biggest Indian company"},"content":{"rendered":"<p>New Delhi: Richest Indian Mukesh Ambani&#8217;s oil-to-telecom conglomerate Reliance Industries has toppled state-owned Indian Oil Corp (IOC) to become the country&#8217;s biggest company by revenue.<\/p>\n<p>Reliance in the 2018-19 fiscal year that ended 31 March, reported a turnover of \u20b96.23 lakh crore. In comparison, IOC posted a turnover of \u20b96.17 lakh crore for the fiscal, according to regulatory filings by the two companies.<\/p>\n<p>It was also the most profitable company in the country with a net profit of more than double that of IOC in FY2019.<\/p>\n<p>Reliance, which was about half the size of IOC till about a decade back but its bet on burgeoning consumer base and foray into new businesses such as telecom, retail, and digital services vastly expanded its business, clocked a net profit of \u20b939,588 crore in FY19. IOC, on the other hand, ended the year with a net profit of \u20b917.274 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Richest Indian Mukesh Ambani&#8217;s oil-to-telecom conglomerate Reliance Industries has toppled state-owned Indian Oil Corp (IOC) to become the country&#8217;s biggest company by revenue. Reliance in the 2018-19 fiscal year that ended 31 March, reported a turnover of \u20b96.23 lakh crore. In comparison, IOC posted a turnover of \u20b96.17 lakh crore for the fiscal, according to regulatory filings by the two companies. It was also the most profitable company in the country with a net profit of more than double that of IOC in FY2019. Reliance, which was about half the size of IOC till about a decade back [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-275665","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275665"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275665\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}