From Wikipedia, the free encyclopedia
Indo-Russian oil company
Nayara Energy Ltd.
Formerly Essar Oil Limited Company type
Private Industry
Oil and gas Headquarters 5th Floor, Jet Airways Godrej BKC, Plot No. C-68, G Block, Bandra Kurla Complex, , Key people
Mr Prasad K Panicker (Chairman) Alois Virag (CEO)
[2] Products
Petroleum Revenue ₹ 138,866.30 crore (US$17 billion) (2023)
[3]
₹ 12,534.60 crore (US$1.6 billion) (2023)
[3]
₹ 9,426.20 crore (US$1.2 billion) (2023)
[3]
Total assets
₹ 84,841.40 crore (US$11 billion) (2023)
[3]
Total equity
₹ 30,533.10 crore (US$3.8 billion) (2023)
[3] Owners
Rosneft (49.13%) Kesani Enterprises Co Ltd and
United Capital Partners (49.13%) Website
www .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, 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
^
"Contact us" . nayaraenergy.com . Retrieved 30 January 2019 .
^
"Nayara Energy Leadership" .
^
a
b
c
d
e
"Annual report 2022-2023" (PDF) .
^ www.ETEnergyworld.com.
"Nayara Energy says on track for setting up solar power plants, Energy News, ET EnergyWorld" . ETEnergyworld.com . Retrieved 30 January 2023 .
^
"Nayara Energy exports 80% of fuel to Asia, Africa; none to EU" . The Economic Times . Retrieved 30 January 2023 .
^
"Essar Oil delists in Rs 3,745 cr payout" . The Hindu . 31 December 2015. Retrieved 31 December 2015 .
^
"Essar Oil completes delisting process with Rs 3,745-cr payout" . The Indian Express . Retrieved 31 December 2015 .
^
"Reliance-bp, nayara sell petrol, diesel at market price" .
^ Mishra, Twesh (5 February 2021).
"Nayara Energy's India fuel retail outlets" . The Economic Times . Retrieved 1 May 2023 .
^ 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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