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]
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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 |  ₹138,866.30 crore (US$17 billion) (2023)[3] |
| ₹12,534.60 crore (US$1.5 billion) (2023) [3] | |
| ₹9,426.20 crore (US$1.1 billion) (2023) [3] | |
| Total assets | ₹84,841.40 crore (US$10 billion) (2023) [3] |
| Total equity | ₹30,533.10 crore (US$3.7 billion) (2023) [3] |
| Owners | Rosneft (49.13%) Kesani Enterprises Co Ltd (49.13%) |
| Website | www |
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 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]
