State-run Indian Oil Corporation (IOC) has emerged as the country’s biggest company in terms of annual revenue as per an annual list of Fortune 500 companies in India.

IOC topped the list for consecutive sixth year with annual revenue of Rs. 4,51,911 crore. Globally, it is at 119 rank.

IOC was followed by Mukesh Ambani-led private sector Reliance Industries at the second place with a revenue of Rs. 3,82,565 crore.