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Indiana firms lose ground on Fortune 500 list

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Indiana has again placed six firms in the Fortune 500 list of largest U.S. companies, but the competition pushed most of them further back in the pack this year.

Indianapolis-based health insurer WellPoint Inc. led the Hoosier delegation, placing 47th on the 2013 list with $61.7 billion in revenue for its latest fiscal year. That’s down slightly from 45th, in 2012.

Wal-Mart Stores Inc. topped the 2013 Fortune 500 with $469.2 billion in revenue. Fortune magazine on Monday released the list, which bases its rankings on revenue.

The 2013 list retains five of the six firms that appeared in 2012. Indianapolis pharmaceutical giant Eli Lilly and Co., which posted revenue of $22.6 billion, dropped in the rankings from 119th in 2012 to 130th this year. Columbus-based engine-maker Cummins Inc., which reported revenue of $17.3 billion, slipped to 160th from 150th in 2012.

Steel Dynamics Inc. of Fort Wayne descended from 323rd in 2012 to 354th this year, on revenue of $7.3 billion. Merrillville-based utility NiSource Inc. fell from 409th to 480th, with $5.1 billion in revenue.

Simon Property Group Inc. was Indiana’s one rising star in the top 500 this year, sneaking onto the list at 497th after placing 543rd in 2012. A retail-based real estate investment trust, Simon collected $4.9 billion in revenue for its most recent fiscal year.

Last year marked the return of Indianapolis-based BrightPoint Inc. to the list, as the firm rose to 463rd for its first appearance since 2009. BrightPoint was acquired in October by California-based Ingram Micro Inc. , which placed 76th on this year’s list with revenue of $37.8 billion.
 

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