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Nayara Energy

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Nayara Energy Ltd.
FormerlyEssar Oil Limited
Company 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$16 billion) (2023)[3]
Increase ₹12,534.60 crore (US$1.5 billion) (2023) [3]
Increase ₹9,426.20 crore (US$1.1 billion) (2023) [3]
Total assetsIncrease ₹84,841.40 crore (US$9.9 billion) (2023) [3]
Total equityIncrease ₹30,533.10 crore (US$3.6 billion) (2023) [3]
OwnersRosneft (49.13%)
Kesani Enterprises Co Ltd and United Capital Partners (49.13%)
Websitewww.nayaraenergy.com

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]

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).[citation needed]

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. ^ a b c d e "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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