Nayara Energy

Nayara Energy (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) (listenⓘ) is an Indo-Russian oil Refining and Marketing company that owns and operates Vadinar refinery located at Vadinar, Gujarat, India with a capacity of 20MMTPA,[4] making it the second largest in India.[5]

Nayara Energy Ltd.
FormerlyEssar Oil Limited
TypePrivate
IndustryOil and gas
Headquarters5th Floor, Jet Airways Godrej BKC, Plot No. C-68, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai, Maharashtra
,
India[1]
Key people
  • Mr Prasad K Panicker (Chairman)
  • Alois Virag (CEO)
  • [2]
ProductsPetroleum
RevenueIncrease ₹138,866.30 crore (US$17 billion) (2023)[3]
Increase ₹12,534.60 crore (US$1.6 billion) (2023) [3]
Increase ₹9,426.20 crore (US$1.2 billion) (2023) [3]
Total assetsIncrease ₹84,841.40 crore (US$11 billion) (2023) [3]
Total equityIncrease ₹30,533.10 crore (US$3.8 billion) (2023) [3]
OwnersRosneft (49.13%)
Kesani Enterprises Co Ltd and United Capital Partners (49.13%)
Websitewww.nayaraenergy.com

History

Nayara Energy operates the second-largest refinery in India. It is located in Vadinar, Devbhoomi Dwarka District, a few kilometers away from the world's largest refining complex (Jamnagar Refinery of Reliance Industries).

It was a publicly traded company (NSE: ESSAROIL and BSE: 500134) until it was taken private in a leveraged buyout which closed on 30 December 2015. It was delisted valued at ₹380 billion (US$5.3 billion).[6][7]

Operations

It operates over 6386 retail fuel outlets in the country the highest for any private oil company in India. [8]

The refinery is supported by a crude oil tanker facility, water intake facilities, a multi-fuel power plant, a product jetty, dispatch facilities (rail, road, and sea) and retail outlets.[9][10]

Nayara Energy Port at Vadinar, Gujarat

See also

References
  1. "Contact us". nayaraenergy.com. Retrieved 30 January 2019.
  2. "Nayara Energy Leadership".
  3. "Annual report 2022-2023" (PDF).
  4. www.ETEnergyworld.com. "Nayara Energy says on track for setting up solar power plants, Energy News, ET EnergyWorld". ETEnergyworld.com. Retrieved 30 January 2023.
  5. "Nayara Energy exports 80% of fuel to Asia, Africa; none to EU". The Economic Times. Retrieved 30 January 2023.
  6. "Essar Oil delists in Rs 3,745 cr payout". The Hindu. 31 December 2015. Retrieved 31 December 2015.
  7. "Essar Oil completes delisting process with Rs 3,745-cr payout". The Indian Express. Retrieved 31 December 2015.
  8. "Reliance-bp, nayara sell petrol, diesel at market price".
  9. Mishra, Twesh (5 February 2021). "Nayara Energy's India fuel retail outlets". The Economic Times. Retrieved 1 May 2023.
  10. www.ETEnergyworld.com. "Nayara Energy exports 80 per cent of fuel to Asia, Africa; none to EU, Energy News, ET EnergyWorld". ETEnergyworld.com. Retrieved 30 January 2023.
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