The State owned Gas Authority of India Limited got 2nd place among global gas utilities in Asian region. The ranking is awarded in Platts Global Ranking of Energy Companies. The results of Platts Global Ranking were announced in Singapore on Monday.

Almost all energy industry categories such as Coal and Consumable Fuels, Diversified Utility, Electric utility, Exploration & Production, Gas utility, Independent Power Producer, Integrated Oil and Gas, Refining and Marketing and Storage and Transfer are considered to rank them performance wise.

The ranking by Platts is done on the basis of combination of asset worth, revenues, profits and return on invested capital. Total 250 ranks are awarded to companies for their performance in the respective field.

GAIL is a leading Public Sector Company in India which holds a sound financial record. Its fixed assets were valued at Rs 16,957.86 crore on March 31, 2008. The company is growing with 30 percent margin for the past three successive years.