Platts ranks Tata Power as 4th fastest growing energy firm in Asia
New Delhi : Country’s largest private power firm Tata Power has been ranked as the fourth ‘Fastest Growing Energy Company in Asia’ under the Platts top 250 global energy rankings.
The 2010 ranking was recently announced in Singapore in a ceremony which was attended by top energy companies from Asia.
The 2010 Platts ranking reflects the company’s strong financial performance that is based on a combination of assets, revenues, profits and return on invested capital, the company said in a statement.
Among the Asian contenders, many Indian energy companies such as RIL, ONGC, HPCL, BPCL, GAIL, PGCIL, NTPC and Coal India also feature in the list.
Tata Power’s distribution business NDPL also received recognition as a global finalist for technology adoption/introduction, it added.
The Platts 2010 rankings is a recognition of the 2009 financial performance of publicly-held energy companies based on a combination of assets, revenues, profits and return on invested capital and further highlights the continued leadership of the majoroil and gas companies, the rapid advance of the BRICs (Brazil, Russia, India, China) and the resurgence of the global power sector.