HEFTY GAINS: Indian Oil Corporation, the 17th largest petroleum company in the world, gained 188 per cent, or Rs 34,840 crore (Rs 348.40 billion), in market cap in 2003.
The company's market cap rose from Rs 18,532 crore (Rs 185.32 billion) to Rs 53,372 (Rs 533.72 billion), placing it third in the list of gainers.
IOC has been also been ranked 191 in Fortune's list of the world's 500 largest corporations in 2003.
Forbes has placed IOC at 325th in its latest Global 500 listing of the largest public companies.
Launched in 1959 as Indian Oil Company Ltd, IOC was formed in 1964 with the merger of Indian Refineries Ltd.
Above: IOC refinery at Gujarat.
Inset: M S Ramachandran, Chairman and Managing Director, IOC.