New Delhi, Cairn India has been ranked the fastest growing oil and gas exploration firm in the world, even as heavyweights like ONGC and Reliance Industries slipped in a list of top - performing energy firms globally.With a
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three-year compounded growth rate (CGR) of 116.5%, Cairn was ranked by energy information provider Platts as the fastest growing E&P company in 2010. It was also named the fastest growing Asian company ahead of Reliance (ranked 18th in Asia) and state-owned Gail India Ltd (ranked 20th) in the Platts Top 250 Global Energy Company Rankings. Cairn made its maiden entry at 120th rank in the overall global energy company list, which was topped by US giant Exxon Mobil Corp. For the 2011 rankings, Platts ranked listed energy firms on the basis of their financial performance in 2010. State-owned Oil and Natural Gas Corp (ONGC), which was in 2010 ranked 18th in the list of the 250 top global energy firms, slipped to 21st position in the 2011 rankings. Reliance settled at 24th position in the 2011 list, down from 13th rank in the 2010 Platts Ranking. Read Full: Cairn India world's fastest growing energy co: Platts - Hindustan Times
