Volume : VII, Issue : VII, July - 2017

PROFILE AND SALES PERFORMANCE OF SELECTED OIL AND NATURAL GAS COMPANIES IN INDIA

Dr. G. Kalaiselvi

Abstract :

 The Indian economy in 2014–15 has emerged as one of the largest economies with a promising economic outlook on the back of controlled inflation, rise in domestic demand, increase in investments, decline in oil prices and reforms among others¹. Petroleum and natural gas are contributing more than 40 percent of the country’s conventional energy supply. The sector plays a critical role in determining India’s energy security. Profile and Performance parameters of selected oil and natural gas companies have been presented in this study. Sales are the most important determinant for the development of the business. Oil and Natural Gas sales policy helps to increase the sales of the business. In oil and natural gas sector, the companies have to face some fluctuations in the sales due to pricing policy followed by the Government of India. Fluctuations in oil and natural gas prices adversely affect the revenues and sales. These fluctuations in price may lead to increase or decrease the financial risk of the sector. The present research work tries to analyse the sale performance of selected companies. For the study, a sample of six companies from oil and natural gas sector in India with a total asset more than 30,500 crores in the year 2013–14 has been selected. The study period is from 2004–05 to 2013–14. For analysing the sales performance of selected companies Tend analysis is used.   To ascertain the trends of selected companies, 2005 has been taken as base year. Sales index of all sample companies has shown an increasing trend except OIL.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.G.Kalaiselvi, PROFILE AND SALES PERFORMANCE OF SELECTED OIL AND NATURAL GAS COMPANIES IN INDIA, INDIAN JOURNAL OF APPLIED RESEARCH : Volume‾7 | Issue‾7 | July‾2017

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