Phillips66

 Overview: Phillips66 is a Diversified Energy Manufacturing and Logistics

Company. It aims at fulfilling global energy needs. It is a diversified, well-
positioned company with a portfolio of Midstream, Chemicals, refining and
marketing and specialities businesses. The company processes, transports,
stores and markets fuels and products globally.

 Founders: Brothers Frank and L.E. Philips founded Petroleum Company,

headquartered in Bartlesville, Oklahoma on June 13, 1917. 102 years ago.

 History: The Company has rich history with more than 140 years of experience.
The Phillips Petroleum Company was incorporated on June 13th, 1917, by
brothers L.E Phillips and Frank Phillips, of Bartlesville, Oklahoma, U.S.A. Their
younger brother, Waite Phillip, was the benefactor of Philmont Scout Ranch.

 Rank: Phillips66 is ranked at No. 23 on the fortune 500 list and No. 67 on the
Fortune Global 500 list as of 2018 and It operates worldwide.

 Revenue: US $ 102.354 billion.

Old-fashioned Phillips66 station in Bassett, Nebraska.

Restored 1928 Phillips 66 Service Station in Turkey, Texas. The first Phillips 66
Service Station built in Texas

Winged version of logo used for domestic airplane fuel stations, seen in Hillsboro,
Oregon
Exelon Corporation.

 Overview: Exelon Corporation is an American Fortune 100 energy company

that works in every stage of the energy business: power generation, competitive
energy sales, transmission and delivery. Its headquarters is in Chicago, Illinois.
It generates revenues of approximately 33,400 people. It does business in 48
states, D.C. and Canada and had 2018 revenues of $35.9 billion.
 Founders: John W. Rowe was the chairman and Chief Executive Officer of the
energy corporation Exelon Corporation quartered, a utility holding company
headquartered in Chicago.
 History: Exelon Corporation was created as a result of a merger between
PECO Energy Company and the Unicom Corporation in the October 2000.
Unicom was based in Chicago and the city became the home of the new entity.
 Rank: In 2018 Exelon corporation was ranked 92nd on the fortune 500 lists of
global fortune list of the largest United sates corporation by total revenue.
 Revenue: US $35.9 billion
 Operating income: US$4.260 billion
 Net income: US$3.770 billion
 Total assets: US$116.700 billion
Finances: For the fiscal year 2017, Exelon reported earnings of US$3.770 billion, with annual
revenue of US$33.531 billion, an increase of 6.9% over the previous fiscal cycle. Exelon's shares
traded at over $35 per share, and its market capitalization was valued at over US$ 42.1 billion in
October 2018. Exelon ranked No. 92 in the 2018 Fortune 500 list of the largest United States
corporations by total revenue.

Revenue Net income Total Assets Price per Share

Year Employees
in mil. USD$ in mil. USD$ in mil. USD$ in USD$

2005 15,357 923 42,797 29.47

2006 15,655 1,592 44,319 35.51

2007 18,916 2,736 45,361 46.22

2008 18,859 2,737 47,546 47.42

2009 17,318 2,707 49,180 33.05

2010 18,644 2,563 52,240 29.73

2011 19,063 2,495 54,995 31.27

2012 23,489 1,160 78,561 28.50

2013 24,888 1,719 79,924 25.47 25,829

2014 27,429 1,623 86,416 28.73 28,993

2015 29,447 2,269 95,384 28.41 29,762

2016 31,360 1,134 114,904 31.09 34,396

2017 33,531 3,770 116,700 35.78 34,621
Caterpillar Inc.

 Overview: Caterpillar Inc. has been making sustainable progress possible and
driving positive change on every continent. It engages in manufacturing of
construction and mining equipment, diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. The company principally operates
through its three primary segments – Construction industry, Resource industries,
Energy and Transportation industry.
Founders: Clarence Leo Best, usually known as C.L Best was a pioneering
tractor company executive. He is known to be founder of the company in 1910.
 History: Caterpillar Inc. traces its origin to the 1925 Merger of the Holt
Manufacturing Company and the C.L Best Tractor Company, creating a new
entity, the California- based Caterpillar Tractor Company. In 1986, the company
reorganized itself as a Delaware corporation under the current name, Caterpillar
Inc.
 Rank: Caterpillar was ranked on 65th as per the fortune 500. It has been taking
a place in the fortune magazine since 24 consecutive years. years.
 Revenue: US $ 35.9 billion.
Environmental stewardship:

Caterpillar divisions have won Illinois Governor's Pollution Prevention Awards every
year since 1997. Caterpillar was awarded the 2007 Illinois Governor's Pollution
Prevention Award for three projects: The Hydraulics and Hydraulic Systems business
unit in Joliet implemented a flame sprayed coating for its truck suspension system,
replacing a chroming process, reducing hazardous waste by 700,000 pounds annually
and saving 14 million US gallons (53,000 m3) of water. Caterpillar's Cast Metals
Organization in Mapleton worked with the American Foundry Society to help produce a
rule to reduce hazardous waste in scrap metal that meet strict quality requirements, and
also allow foundries to continue recycling certain types of scrap and maintain a
competitive cost structure. Caterpillar's Mossville Engine Center formed a team to look
at used oil reuse and recycle processes that forced MEC to send large amounts of used
oil off-site for recycling, and developed an updated system for reclaiming it for reuse on-
site. The resulting benefits included a usage reduction of about 208,000 US gallons
(790 m3) of oil per year.

Current board of directors:

As of December 2018, the board of directors was composed as follows:
 Kelly A. Ayotte  Dennis A. Muilenberg
 David L. Calhoun  William A. Osborn
 Daniel M. Dickinson  Debra L. Reed-Klages
 Juan Gallardo  Edward B. Rust, Jr.
On January 1, 2017, Jim Umpleby succeeded Douglas R. Oberhelman as CEO
and Dave Calhoun became Non-Executive Chairman. On December 12, 2018,
Umpleby was named chairman of the board as well, reversing Caterpillar's
previous decision to split the CEO and chairman position.
Cummins.

 Overview: Cummins is an American Fortune 500 corporation that

designs, manufactures, and distributes engines, filtration, and power
generation products. Cummins also services engines and related
equipment, including fuel systems, controls, air handling, filtration,
emission control, electrical power generation systems, and trucks.
Headquartered in Columbus, Indiana, United States, Cummins sells in
approximately 190 countries and territories through a network of more than
6000 dealers.
 Founders: Clessie Lyle Cummins (December 27, 1888 – August 17,
1968) was the founder of the Cummins Engine Co. He was
an entrepreneur who improved on existing diesel engines, created new
diesel engine designs, was awarded 33 United States patents for his
inventions, and set five world records for endurance and speed for trucks,
buses and race cars.
 History: Cummins N Series engines became the industry leader in the
post-World War II road building boom in the United States, with more than
half the heavy duty truck market from 1952 to 1959.In the 1960s, the
company opened an assembly plant in Shotts, Scotland. By 2013,
Cummins had operations in 197 countries and territories.
  Rank: it ranks as 123rd on the fortune 500 list.
 Revenue: Cummins reported net income of $2.19 billion on sales of
$23.77 billion in 2018.
 India operations: Cummins began its India operations on 17
February 1962 in a joint venture with the Kirloskar Group. The ownership
structure of the joint venture was divided as follows:

 Cummins - 50%
 Kirloskar Group - 25.5%
 Retail Investors - 24.5%
In 1996 Cummins Inc. bought Kirloskar shares Now it’s Cummins Inc. subsidiary.
As of 2013, the Cummins group had revenues of over $1.5 billion, 20 factories
and 9000 employees in India.
Cummins does a significant part of its R&D in India at the Cummins Research
and Technology centre that was set up in 2003. Also, Cummins is building an
advanced technical centre in Pune which will house over 2000 engineers.
Cummins India has also made significant contributions to local skill development
by establishing the MKSSS's Cummins College of Engineering for Women, a
women-only engineering college in Pune.

Cummins generator operating in India 1

Bank of New York.

 Overview: the Bank of New York Mellon Corporation, doing business

as BNY Mellon, is an American worldwide banking and financial services holding
company headquartered in New York City. It was formed on July 1, 2007, as a
result of the merger of The Bank of New York and Mellon Financial Corporation.
It is the world's largest custodian bank and asset servicing company
 Founders: Alexander Hamilton, Aaron Burr, Thomas Mellon founded the
bank of New York in July 1, 2007.
 History: The first bank in the U.S. was the North Bank of America in
Philadelphia, which was chartered by the Continental Congress in
1781; Alexander Hamilton, Thomas Jefferson and Benjamin Franklin were
among its founding shareholders. In February 1784, The Massachusetts Bank in
Boston was chartered.
 Rank: As of 2015, BNY Mellon was the world's largest custody bank, the sixth
largest investment management firm in the world and the seventh largest wealth
management firm in the United States. In 2018, BNY Mellon ranked 175 on
the Fortune 500 and 250 on the Financial Times Global 500 It was named one of
world's 50 Safest Banks by Global Finance in 2013 and 2014 and one of the 20
Most Valuable Banking Brands in 2014 by The Banker.
 Revenue: US $ 16.39 Billion.
  Historical data; The following graphs represent the net income and assets
and liabilities for the years 2000 to 2016 for the Bank of New York Mellon, the Bank
of New York Mellon Corporation's New York state-chartered bank and an FDIC-
insured depository institution.

Figure 1: Assets/Liabilities Ratio (%) 2000–2016

Figure2: Net Income 2000–2016 (in millions)

 Gas Authority of
India ltd. (Gail).

Overview: Gail (India) Limited (GAIL) (formerly known as Gas Authority of India Limited) is
the largest state-owned natural gas processing and distribution company in India. It is headquartered
in New Delhi. It has the following business segments: natural gas, liquid hydrocarbon, liquefied
petroleum gas transmission, petrochemical, city gas distribution, exploration and production,
GAILTEL and electricity generation. GAIL was conferred with the Maharatna status on 1 Feb 2013,
by the Government of India. Only eight other Public Sector Enterprises (PSEs) enjoy this coveted
status amongst all central CPSEs. GAIL was listed in the 131st position among India's most trusted
brands according to the Brand Trust Report 2014, a study conducted by the Trust Research
Advisory.

History: GAIL (India) Limited was incorporated in August 1984 as a Central Public Sector
Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MOP&NG). The company was
formerly known as Gas Authority of India Limited. It is India's principal gas transmission and
marketing company. The company was initially given the responsibility of construction, operation and
maintenance of the Hazira – Vijaypur – Jagdishpur (HVJ) pipeline project. It was one of the largest
cross-country natural gas pipeline projects in the world. This 1750-kilometre-long pipeline was built
at a cost of ₹17 billion (US$250 million) and it laid the foundation for development of market for
natural gas in India. GAIL commissioned the 1,750 kilometres (1,090 mi) Hazira-Vijaipur-Jagdishpur
(HVJ) pipeline in 1991. Between 1991 and 1993, three liquefied petroleum gas (LPG) plants were
constructed and some regional pipelines acquired, enabling GAIL to begin its gas transportation in
various parts of India.

Global Presence: As strategy of going global and further expanding global footprint, GAIL
has formed a wholly owned subsidiary company, GAIL Global (Singapore) Pte Ltd. in Singapore for
pursuing overseas business opportunities including LNG & petrochemical trading. GAIL has also
established a wholly owned subsidiary, GAIL Global (USA) Inc. in Texas, USA. The US subsidiary
has acquired 20% working interest in an unincorporated joint venture with Carrizo Oil & Gas Inc in
the Eagle Ford shale acreage in the state of Texas. In addition to having two wholly owned
subsidiaries in Singapore and the US, GAIL has a representative office in Cairo, Egypt to pursue
business opportunities in Africa and the Middle East.

GAIL is a part of the consortium in two offshore E&P blocks in Myanmar and also holds participating
interest in the joint venture company – South East Asia Gas Pipeline Company Limited incorporated
for transportation of gas to be produced from two blocks in Burma (Myanmar) to China.
Rural Electrification
Corporation ltd.

Overview: REC Limited, formerly Rural Electrification Corporation

Limited, is a public Infrastructure Finance Company in India’s power
sector. The company is a Public Sector Undertaking and finances and
promotes rural electrification projects across India. The company
provides loans to Central/ State Sector Power Utilities in the country, State
Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power
Developers.
On 7 December 2018, the Cabinet Committee of Economic Affairs gave its
in-principle approval for the sale of 52.63% REC to the state-owned Power
Finance Corporation (PFC).[4] On 20 March 2019, PFC signed the
agreement to acquire a 52.63% controlling stake in REC for ₹14,500
crore (US$2.1 billion).[5] On 28 March, PFC announced that it had
completed making the payment for the acquisition and intended to merge
REC with itself in 2020.
Business operations: REC is a Navratna Company functioning under
the purview of the Ministry of Power. The company is listed on both national
Stock Exchange and Bombay Stock Exchange. Business operations in India are
supported by a network of 13 Project Offices and 5 Zonal Offices, headquartered
in New Delhi.

Services: The Company is primarily engaged in providing finance for rural

electrification projects across India and provides loans to Central/ State Sector
Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and
Private Power Developers. The company sanctions loan as a sole lender or co-
lender or in consortium with or without the status of lead financer.
It also provides consultancy, project monitoring and financial/ technical appraisal
support for projects, also in the role of nodal agency for Government of India
schemes or projects. It engages in ascertaining financial requirements of power
utilities in the country in the T&D sector along with appraising T&D schemes for
financing. REC has financed T&D schemes for system improvement, intensive
electrification, pump-set energisation and APDRP Programme. The company is
also actively involved in physical as well as financial monitoring of T&D schemes.

Finances: The Company was listed on the National Stock

Exchange and the Bombay Stock Exchange on 12 March 2008. REC
went for Initial Public Offer of 156,120,000 Equity Shares in February
2008 which was oversubscribed by about 27 times, raising a total
amount of ₹819 crores. Further Public Offer of 171,732,000 equity
shares was made in February 2010. The issue was oversubscribed by
3.14 times, raising a total of ₹26.47 billion
The company is currently among the top 500 Global Financial Services
brands by UK-based plc Brand Finance. The company is also among
the Forbes Global 2000 companies for 2010. International collaborations
have included past tie-ups for External Commercial Borrowings
with Standard Chartered Bank (London), DEPFA Investment Bank Limited
(Cyprus) etc. as well as current tie-ups with KfW (Germany) and Japan
International Cooperation Agency (Japan) under Official Development
Assistance. As an IFC, REC can also issue Infrastructure Bonds and raise funds
up to US$500M through External Commercial Borrowing in a yea

REC Operational Strategy.

Figure 1: operating strategy of REC corp. leading to following results.

Revenue: ₹105.09 billion (US$1.5 billion)

Operating Income: ₹75.91 billion (US$1.1 billion)

Net income: ₹28.17 billion (US $ 410 million)

Total assets: ₹ 1,087.29 billion (US $16 billion)

Total equity: ₹147.4 billion (US$2.1 billion)

Madras Rubber
Factory
(MRF)

Overview: Madras Rubber Factory Limited (MRF) is an Indian multinational and the largest
manufacturer of tyres in India[1] and the fourteenth largest manufacturer in the world. It is headquartered
in Chennai, India. The company manufactures rubber products including tyres, treads, tubes and conveyor
belts, paints and toys MRF also runs the MRF Pace Foundation, Chennai and MRF Challenge in motorsport.

History: Madras Rubber Factory was started by K. M. Mammen Mappillai as a toy balloon manufacturing
unit in 1946 at Tiruvottiyur, Madras (now Chennai). In 1952, the company ventured into the manufacture of
tread rubber. Madras Rubber Factory limited was incorporated as a private company in November 1960 and
ventured into manufacture of tyres in partnership with Mansfield Tire & Rubber Company based in Ohio, United
States. The company went public on 1 April 1961 and an office was established in Beirut, Lebanon to develop
the export market in 1964 and its current logo of the muscleman was born. In 1967, it became the first Indian
company to export tyres to USA.

In 1973, MRF started manufacturing Nylon tyres for the first time. The Company entered into with technical
know-how collaboration with B.FGoodrich in 1978.The Mansfield Tire & Rubber Co sold out its share in 1979
and the name of the company was changed to MRF Ltd in the year. The company finalized a technical
collaboration agreement with Marangoni TRS SPA, Italy for the manufacture of pre-cured tread rubber for
retreading industry. MRF tyres supplied tyres to Maruti 800, India's first modern small car. The company
collaborated with Hasbro International United States, the world's largest toy maker and launched Funskool
India

Products:
 Tyres manufactures various tyres for passenger cars, two–wheelers, trucks, buses, tractors, light
commercial vehicles, off–the–road tyres and aero plane tyres, MRF ZVTS and MRF Wanderers for cars
and SUVs, MRF Meteor all terrain tyres, MRF Steel Muscle for trucks and buses.
 MRF ZLX is the latest one which is well known for its comfort in passenger segment
 Conveyor Belting – manufactures its in-house brand of Muscleflex conveyor belts.
 Pretreads – MRF has the most advanced pre-cured retreading system in India. MRF forayed into
retreading in 1970 and manufactures pretreads for tyres.
 Paints - manufactures polyurethane paint formulations and coats used in automotive, decorative and
industrial applications.
 Cricket - MRF manufactures cricket bats, gloves, pads and other accessories.

Manufacturing facilities in India:

1. Kottayam Plant in Kerala

2. Puducherry Plant
3. Goa Plant
4. Trichi Radial Plant in Tiruchirappalli,Tamil Nadu
5. Trichi Bias Plant in Tiruchirappalli,Tamil Nadu
6. Arakonam Plant in Tamil Nadu
7. Tiruvottiyur Plant in Chennai,Tamil Nadu
8. Medak Plant in Telangana
9. Ankenpally Plant in Telangana
10.Dahej Plant (Under Construction) in Gujarat
The company also manufactures toys at its facility in Goa. The paints and coats are
manufactured at two facilities in Chennai, Tamil Nadu.
Figure2: Mrf working in Gujarat. Figure3: Goa plant

The Hongkong and Shanghai

Banking Corporation Limited
(hsbc).
HSBC Holdings plc is a British multinational banking and financial services holding company. It was
the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of
US$2.558 trillion (as of December 2018). HSBC traces its origin to a Hong in Hong Kong, and its
present form was established in London by the Hongkong and Shanghai Banking Corporation to act
as a new group holding company in 1991. The origins of the bank lie mainly in Hong Kong and to a
lesser extent in Shanghai, where branches were first opened in 1865.The HSBC name is derived
from the initials of the Hongkong and Shanghai Banking Corporation.

HSBC has around 3,900 offices in 67 countries and territories across Africa, Asia, Oceania,
Europe, North America, and South America, and around 38 million customers. As of 2014, it was the
world's sixth-largest public company, according to a composite measure by Forbes magazine.
HSBC is organised within four business groups: Commercial Banking, Global Banking and Markets
(investment banking), Retail Banking and Wealth Management, and Global Private Banking
Operations: HSBC has its world headquarters at 8 Canada Square in Canary Wharf, London. It
has a significant presence in each of the world's major financial markets, with the Americas, Asia
Pacific and Europe each representing around one third of its business. HSBC is the largest bank in
Hong Kong and prints most of Hong Kong's local currency in its own name.
Size, profit and Auditors:

 As of 2014, according to Relsbank, HSBC was the fourth-largest bank in the

world by assets (with $2,670.00 billion), the second largest in terms of
revenues (with $146.50 billion) and the largest in terms of market value (with
$180.81 billion).
 It was also the most profitable bank in the world with $19.13 billion in net
income in 2007 (compared to Citigroup's $3.62 billion and Bank of America's
$14.98 billion in the same period).
 In June 2006, The Economist stated that since the end of 2005 HSBC has
been rated the largest banking group in the world by Tier 1 capital. In June
2014 The Banker ranked HSBC first in Western Europe and 5th in the world
for Tier 1 capital.
 In February 2008, HSBC was named the world's most valuable banking brand
by The Banker magazine.
 HSBC has been audited by PwC, one of the Big Four auditors since 2015.

A map showing the countries of the world in which HSBC currently has operations.
The HSBC Building in 2005 in Shanghai, the headquarters of the Hong Kong and Shanghai Banking Corporation from 1923
to 1955 for its Shanghai operation.

The HSBC Building in 2005 in Shanghai, the headquarters of the Hong Kong and Shanghai Banking Corporation from 1923 to 1955
for its Shanghai operation.

The HSBC Main Building in Hong Kong, which was designed by Norman Foster and completed in 1985.
National Mineral Development
Corporation (Nmdc).

NMDC Limited, previously known as National Mineral Development

Corporation, is an Indian state-controlled mineral producer. It is 72.43% owned
by the Government of India, under the administrative control of the Ministry of
Steel.
It is involved in the exploration of iron ore, copper, rock
phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tun
gsten, graphite etc.
It is India's largest iron ore producer and exporter producing more than 35 million
tons of iron ore from 3 fully mechanized mines in Chhattisgarh and Karnataka. It
also operates the only mechanized diamond mine in the country
at Panna in Madhya Pradesh.
Shareholders and listings:

The equity shares of NMDC are listed on the Bombay Stock Exchange and
the National Stock Exchange of India
In June. 2018, Government of India held around 72.43% equity shares in NMDC.
Over 242,835 individual shareholders hold approx. 3.39% of its shares. Life
Insurance Corporation of India is the largest non-promoter shareholder in the
company with 12.47% shareholding.
The balance is held by public, FIIs, Mutual Funds and Banks.

Products:

 Iron ore
 copper
 rock phosphate
 limestone
 dolomite
 gypsum
 bentonit
 magnetite
 diamond
 tin
 Tungsten
 graphite
 beach sands

Revenue: ₹12,138.13 crore (US$1.8 billion)

Operating income: ₹6,176.57 crore (US$890 million)
Net income: ₹3,802.79 crore (US$550 million)