Nayara Energy

Nayara Energy Limited (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) (listen) is a privately-held downstream oil company based in Mumbai, India, that encompasses refining, marketing, production and a network of over 6,000+ retail fuel outlets in India. It operates India's second-largest oil refinery in Vadinar, Gujarat. In 2017, Essar Oil was acquired by Rosneft and an investment consortium led by Trafigura & UCP Investment Group. Nayara ranked 21st in the Fortune India 500 list in 2020.[3]

Nayara Energy Ltd.
FormerlyEssar Oil Limited
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
  • Tony Fountain (Chairman)
  • Alois Virag (CEO)
  • [2]
ProductsPetroleum
Revenue
  • ₹87,371 crore (US$11.93 billion) (2020)
  • ₹2,476 crore (US$338 million) (2020)
Total assets
  • ₹49,061 crore (US$6.70 billion) (2020)
Total equity
  • ₹18,928 crore (US$2.58 billion) (2020)
OwnersRosneft (49.13%) Trafigura Group and United Capital Partners (49.13%)
Websitewww.nayaraenergy.com

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)

It was a publicly-traded company (NSE: ESSAROIL and BSE: 500134) until it was taken private in a leveraged buyout which closed on December 30, 2015. It was delisted valued at ₹380 billion (US$5.3 billion).[4][5]

Nayara Energy Port at Vadinar, Gujarat

In August 2017, Rosneft Singapore Pte Limited (49.13%) and Kesani Enterprises Company Limited (49.13%) acquired 98.26% equity stake in Nayara Energy, along with captive port and power assets. Kesani Enterprises Company Limited is owned by Trafigura Holdings Pte Ltd (49%), United Capital Partners PE Investments Ltd (49%), and Oil Holdings Ltd (2%). In 2018, they renamed the company to Nayara Energy, from the Hindi word naya (new) and the English word era.

See also

References
  1. "Contact us". www.nayaraenergy.com. Retrieved 30 January 2019.
  2. "Nayara Energy Leadership".
  3. "Nayara Energy - Fortune 500 List 2020 - Fortune India". www.fortuneindia.com. Retrieved 12 January 2021.
  4. "Essar Oil delists in Rs 3,745 cr payout". The Hindu. 31 December 2015. Retrieved 31 December 2015.
  5. "Essar Oil completes delisting process with Rs 3,745-cr payout". The Indian Express. Retrieved 31 December 2015.
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