Top 5 Companies With Highest Reserves & Surplus

Reserves & Surplus are considered to be of utmost importance for corporates. These funds can be used as a war-chest by a company during crisis periods or for acquisitions that it is looking to make. In this article, we present to you the top 5 Indian companies that have highest reserves & surplus on their balance sheet as of FY13.

Reliance Industries: One of the most renowned companies in India and the largest private sector firm, Reliance Industries needs no further introduction for investors. Founded by Dhirubhai Ambani and now promoted by Mukesh Ambani, this company has secured the top slot in our list. The company operates mainly in the oil & gas sector and owns the largest refinery in the world at Jamnagar, Gujarat. The company has reserves & surplus balance of Rs 176766 crore as of FY13.

ONGC: Promoted by the Government of India, ONGC is the only fully-integrated petroleum company in India, operating along the entire hydrocarbon value chain. It is the only Indian energy major in Fortune's Most Admired List 2012 under the 'Mining, Crude Oil Production' category. ONGC has 7.59 billion tonnes of in-place hydrocarbon reserves. As of FY13, the company has Rs 120175 crore in its balance sheet under the head reserves & surplus.

NTPC: NTPC is India's largest power company, which was set up in the year 1975 to accelerate power development in India. With a current generating capacity of 41684 MW, NTPC plans to become a 128000 MW company by 2032. This is the second public sector enterprise that has featured in our list, securing the third spot with a reserves & surplus balance of Rs 72142 crore as of FY13.

Indian Oil Corporation: Indian Oil Corporation (IndianOil) is India's flagship national oil company with business interests straddling the entire hydrocarbon value chain. The IndianOil Group of companies owns and operates 10 of India's 22 refineries, with a combined refining capacity of 65.7 million metric tonnes per annum (i.e. 1.30 million barrels per day approx.). The company has Rs 58696 crore as reserves & surplus in its balance sheet as of FY13.

Tata Steel: Established in 1907, Tata Steel is among the top 10 global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (MTPA). It is now one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries. The reserves & surplus of the company as of FY13 stands at Rs 54238 crore.