Nayara Energy
 | This article needs additional citations for verification. (July 2023) |
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| 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, , India[1] |
Key people |
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| Products | Petroleum |
| Revenue |  ₹156,030 crore (US$19 billion) (2024)[3] |
|
₹20,247 crore (US$2.4 billion) (2024) [3] | |
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₹12,321 crore (US$1.5 billion) (2024) [3] | |
| Total assets |
₹87,749 crore (US$11 billion) (2024) [3] |
| Total equity |
₹43,491 crore (US$5.2 billion) (2024) [3] |
| Owners | Rosneft (49.13%) Kesani Enterprises Co Ltd and United Capital Partners(49.13%) |
| Website | www |
Nayara Energy (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) () is an 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
[edit]Nayara Energy operates the second-largest refinery in India. It is in Vadinar, Devbhoomi Dwarka District, a few kilometres from the world's largest refining complex (Jamnagar Refinery of Reliance Industries).[citation needed]
Buyout
[edit]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
[edit]It operates over 6600 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]
See also
[edit]References
[edit]- ^ "Contact us". nayaraenergy.com. Retrieved 30 January 2019.
- ^ "Nayara Energy Leadership". Retrieved 4 May 2024.
- ^ a b c d e "Annual report 2024" (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.
- ^ "Private OMCs Gain market share in Bulk Diesel sales".
- ^ 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.
External links
[edit]- Rosneft
- Essar Group
- Oil and gas companies of India
- Companies based in Mumbai
- Non-renewable resource companies established in 1969
- Indian companies established in 1969
- 1969 establishments in Maharashtra
- Companies formerly listed on the National Stock Exchange of India
- Companies formerly listed on the Bombay Stock Exchange