Nayara Energy
Indo-Russian oil company
- Mr Prasad K Panicker (Chairman)
- Alois Virag (CEO)
- [2]
₹138,866.30 crore (US$17 billion) (2023)[3] ₹12,534.60 crore (US$1.6 billion) (2023) [3]Net income
₹9,426.20 crore (US$1.2 billion) (2023) [3] ₹84,841.40 crore (US$11 billion) (2023) [3] ₹30,533.10 crore (US$3.8 billion) (2023) [3]Kesani Enterprises Co Ltd and United Capital Partners (49.13%)
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 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
- Vadinar Refinery
- Essar Group
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.
- ^ "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
- Essar Oil BSE listing
- v
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Energy companies and organizations in India
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