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{{ | {{Short description|Indian Petroleum Company}} | ||
{{ | {{More citations needed|date=July 2023}} | ||
{{Use Indian English|date=February 2017}} | {{Use Indian English|date=February 2017}} | ||
{{Use dmy dates|date= | {{Use dmy dates|date=September 2024}} | ||
{{Infobox company | {{Infobox company | ||
| name = Nayara Energy | | name = Nayara Energy | ||
| logo = Logo Nayara Energy.jpg | | logo = Logo Nayara Energy.jpg | ||
| logo_size = | | logo_size = 150px | ||
| logo_alt = Nayara Energy Logo | | logo_alt = Nayara Energy Logo | ||
| logo_caption = | | logo_caption = | ||
| Line 13: | Line 13: | ||
| image_alt = Nayara Energy's Vadinar Refinery | | image_alt = Nayara Energy's Vadinar Refinery | ||
| image_caption = Nayara Energy Refinery at [[Vadinar]], [[Gujarat]] | | image_caption = Nayara Energy Refinery at [[Vadinar]], [[Gujarat]] | ||
| former_name = | | former_name = Essar Oil Limited | ||
| type = [[Private company|Private]] | | type = [[Private company|Private]] | ||
| ISIN = | | ISIN = | ||
| industry = [[Oil and gas]] | | industry = [[Oil and gas]] | ||
| founded = | | founded = {{Start date and age|1989|9|12|df=yes}} | ||
| founder = | | founder = Shashi, Ravi Ruia | ||
| defunct = <!-- {{End date|YYYY|MM|DD}} --> | | defunct = <!-- {{End date|YYYY|MM|DD}} --> | ||
| hq_location = 5th Floor, | | hq_location = Nayara Energy Limited | ||
| hq_location_city = [[Bandra]] (East), [[Mumbai]], [[Maharashtra]] | |||
| hq_location_country = India<ref>{{cite web |title=Contact us |url=https://www.nayaraenergy.com/contact-us |website= | 5th Floor, Godrej BKC, Plot No. C-68, G Block, Bandra Kurla Complex | ||
| hq_location_city = [[Bandra]] (East), [[Mumbai - 400 051]], [[Maharashtra]] | |||
| hq_location_country = India<ref>{{cite web |title=Contact us |url=https://www.nayaraenergy.com/contact-us |website=nayaraenergy.com |accessdate=17 March 2026}}</ref> | |||
| num_locations = | | num_locations = | ||
| num_locations_year = <!-- Year of num_locations data (if known) --> | | num_locations_year = <!-- Year of num_locations data (if known) --> | ||
| area_served = <!-- or: | areas_served = --> | | area_served = <!-- or: | areas_served = --> | ||
| key_people = {{ | | key_people = {{Unbulleted list|Teymur Abasguliyev ([[Chief executive officer|CEO]])|[[Prasad K Panicker]] ([[Executive Chairman]])}} | ||
| products = Petroleum | | products = [[Petroleum]] | ||
| brands = | | brands = | ||
| production = | | production = | ||
| production_year = <!-- Year of production data (if known) --> | | production_year = <!-- Year of production data (if known) --> | ||
| services = | | services = | ||
| revenue = {{ | | revenue = {{Decrease}} {{INRConvert|150324|c}} (2025)<ref name=pnl>{{Cite web|title=Annual report 2025|url=https://www.nayaraenergy.com/storage/annual-reports/September2025/QaSqVHbUzDJ635i6KRac.pdf}}</ref> | ||
| | | operating_income = {{Decrease}} | ||
| | {{INRConvert|9528|c}} (2025) <ref name=pnl/> | ||
| | | net_income = {{Decrease}} | ||
| equity = {{ | {{INRConvert|6079|c}} (2025) <ref name=pnl/> | ||
| assets = {{Decrease}} | |||
| owners = [[Rosneft]] (49.13%) [[ | {{INRConvert|85447|c}} (2025) <ref name=pnl/> | ||
| equity = {{Increase}} | |||
{{INRConvert|50010|c}} (2025) <ref name=pnl/> | |||
| owners = [[Rosneft]] (49.13%)<br> [[Kesani Enterprises Co Ltd]] and [[United Capital Partners]](49.13%) | |||
| members = | | members = | ||
| members_year = <!-- Year of members data (if known) --> | | members_year = <!-- Year of members data (if known) --> | ||
| Line 48: | Line 53: | ||
| module = <!-- Used to embed other templates --> | | module = <!-- Used to embed other templates --> | ||
| website = {{URL|https://www.nayaraenergy.com/}} | | website = {{URL|https://www.nayaraenergy.com/}} | ||
| footnotes = | | footnotes = https://www.nayaraenergy.com/storage/news-rooms/August2025/tZeRnDAPQxuiGKEwfupT.pdf | ||
}} | }} | ||
'''Nayara Energy Limited''' (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) ({{pronunciation|nayara.ogg|listen|help=no}}) is | '''Nayara Energy''' '''Limited''' ('''NEL''') (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) ({{pronunciation|nayara.ogg|listen|help=no}}) is an Indo-Russian oil refining and marketing company that owns and operates [[Vadinar Refinery]] located at [[Dwarka]] district of Kutch [[Vadinar]], [[Gujarat]], [[India]] with a capacity of 250 MMTPA of refining capacity Crude oil processed <ref>{{Cite web |last=www.ETEnergyworld.com |title=Nayara Energy says on track for setting up solar power plants, Energy News, ET EnergyWorld |url=https://energy.economictimes.indiatimes.com/news/renewable/nayara-energy-says-on-track-for-setting-up-solar-power-plants/96897209 |access-date=2023-01-30 |website=ETEnergyworld.com |language=en}}</ref> making it the second largest refinery in India.<ref>{{Cite news |title=Nayara Energy exports 80% of fuel to Asia, Africa; none to EU |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/nayara-energy-exports-80-of-fuel-to-asia-africa-none-to-eu/articleshow/95660221.cms |access-date=2023-01-30}}</ref> It operates 6000+ Nayara branded outlets and over 1200 petrol pumps in various states. | ||
== History == | == History == | ||
Nayara Energy operates the second largest refinery in India. It is | Nayara Energy operates the second-largest refinery in India. It is in Vadinar, [[Devbhumi Dwarka district|Devbhoomi Dwarka]] District, a few kilometres from the world's largest refining complex ([[Jamnagar Refinery]] of [[Reliance Industries]]).{{Cn|date=May 2023}} | ||
===Buyout=== | |||
It was a [[Public company|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).<ref name="Hindu delists">{{cite news|title=Essar Oil delists in Rs 3,745 cr payout|url=http://www.thehindu.com/todays-paper/tp-national/tp-mumbai/essar-oil-delists-in-rs-3745-cr-payout/article8047801.ece|accessdate=31 December 2015|work=The Hindu|date=31 December 2015}}</ref><ref name="Express delists">{{cite news|title=Essar Oil completes delisting process with Rs 3,745-cr payout|url=http://indianexpress.com/article/business/business-others/essar-oil-completes-delisting-process-with-rs-3745-cr-payout/|accessdate=31 December 2015|work=The Indian Express}}</ref> | |||
== Operations == | |||
It operates over 6600 retail fuel outlets in the country, highest for any private oil company in India.<ref>{{Cite news |title=Private OMCs Gain market share in Bulk Diesel sales|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-and-nayara-now-sell-a-4th-of-indias-bulk-diesel/articleshow/109293706.cms}}</ref> | |||
The refinery is supported by a [[Petroleum|crude oil]] tanker facility, water intake facilities, a multi-fuel power plant, a product jetty, dispatch facilities (rail, road, and sea) and retail outlets.<ref>{{Cite news |last=Mishra |first=Twesh |date=2021-02-05 |title=Nayara Energy's India fuel retail outlets |language=en |newspaper=The Economic Times |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/reliance-bp-nayara-price-petrol-diesel-at-market-rates/articleshow/99884579.cms |access-date=2023-05-01}}</ref><ref>{{Cite web |last=www.ETEnergyworld.com |title=Nayara Energy exports 80 per cent of fuel to Asia, Africa; none to EU, Energy News, ET EnergyWorld |url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/nayara-energy-exports-80-per-cent-of-fuel-to-asia-africa-none-to-eu/95659214 |access-date=2023-01-30 |website=ETEnergyworld.com |language=en}}</ref> | |||
Vadinar processes ~400,000 bpd (~20 million MT/year), making it India’s second‑largest single‑site refinery, with ~7,000 retail outlets under the Nayara brand.<ref name=":0">{{Cite web |date=19 Jul 2025 |title=Why did EU sanction Nayara Energy's Vadinar refinery in Gujarat? What we know so far |url=https://www.livemint.com/news/india/why-did-eu-sanction-nayara-energys-vadinar-refinery-in-gujarat-russia-what-we-know-so-far-11752903188247.html |website=Mint}}</ref> | |||
== International sanctions == | |||
=== July 2025 – European Union sanctions === | |||
Source:<ref>{{Cite news |date=2025-07-18 |title=Nayara Energy first Indian refinery to be hit by anti-Russia sanctions |url=https://timesofindia.indiatimes.com/business/india-business/nayara-energy-first-indian-refinery-to-be-hit-by-anti-russia-sanctions/articleshow/122770041.cms |access-date=2025-07-19 |work=The Times of India |issn=0971-8257}}</ref> | |||
On 18 July 2025, amid its 18th sanctions package targeting Russian oil and energy revenues, the EU designated Nayara Energy’s Gujarat-based Vadinar refinery—49.13 % owned by Russia’s Rosneft—as subject to sanctions, citing its status as the "biggest Rosneft refinery in India" and its role in refining Russian crude into petroleum products.<ref name=":0" /> | |||
These measures include:<ref name=":1">{{Cite news |last=Abnett |first=Kate |last2=Tunagur |first2=Enes |last3=Strahm |first3=Milan |last4=Abnett |first4=Kate |date=2025-07-18 |title=What's in the EU's 18th sanctions package against Russia? |url=https://www.reuters.com/sustainability/boards-policy-regulation/whats-eus-18th-sanctions-package-against-russia-2025-07-18/ |access-date=2025-07-19 |work=Reuters |language=en}}</ref> | |||
* "prohibition on importing refined petroleum products made from Russian crude via third countries (effective after a 6‑month transition)<ref name=":2">{{Cite web |last=Laskar |first=Rezaul H |date=Jul 18, 2025 |title=Gujarat refinery hit by EU’s new Russia sanctions; India says double standards |url=https://www.hindustantimes.com/india-news/new-eu-sanctions-lower-oil-price-cap-ban-products-made-from-russian-crude-101752842547914.html |website=Hindustan Times}}</ref>;" | |||
* "asset freezes, travel bans, and restrictions on financial services and shipping/insurance for activities linked to refining or transporting Russian oil — including involvement in the EU "shadow fleet"<ref name=":3">{{Cite news |last=Choudhary |first=Sanjeev |date=2025-07-19 |title=EU fuels crude awakening for Nayara Energy, but Reliance feels the heat too |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/eu-fuels-crude-awakening-for-nayara-energy-but-reliance-feels-the-heat-too/articleshow/122772142.cms |access-date=2025-07-19 |work=The Economic Times |issn=0013-0389}}</ref>;" | |||
* "a lowered EU oil price cap on Russian crude (approx. US$47.6/bbl, effective 3 Sept 2025) with a dynamic mechanism to prevent evasion<ref name=":1" />;" | |||
'''Impact and response:''' | |||
* "Nayara is banned from exporting to the EU, and risks losing access to European banking, insurance, and technology services<ref name=":3" />." | |||
* "India criticised the move as “unilateral” and accused the EU of “double standards”, citing strategic energy needs<ref name=":0" /><ref name=":2" /><ref>{{Cite news |date=2025-07-19 |title=India cries foul as EU curbs on Russia hit Gujarat refinery |url=https://timesofindia.indiatimes.com/india/india-cries-foul-as-eu-curbs-on-russia-hit-gujarat-refinery/articleshow/122774028.cms |access-date=2025-07-19 |work=The Times of India |issn=0971-8257}}</ref>." | |||
* "The sanctions likely hinder Rosneft’s planned 49 % stake sale and complicate Reliance’s cross-border fuel exports to Europe<ref>{{Cite web |date=2025-07-18 |title=New EU sanctions could block Rosneft's Indian refinery sale plans, Bloomberg reports |url=https://kyivindependent.com/new-eu-sanctions-could-block-rosnefts-indian-refinery-sale-plans-07-2025/ |access-date=2025-07-19 |website=The Kyiv Independent |language=en}}</ref>." | |||
[[File:FtJum9piq4wuT5LI1Fns.jpg|alt=|thumb|262x262px|Nayara Energy Port at Vadinar, Gujarat]] | [[File:FtJum9piq4wuT5LI1Fns.jpg|alt=|thumb|262x262px|Nayara Energy Port at Vadinar, Gujarat]] | ||
== See also == | == See also == | ||
* [[ | * [[Rosneft]] | ||
* [[United Capital Partners]] | |||
* [[Vadinar refinery|Vadinar Refinery]] | |||
* [[Essar Group]] | * [[Essar Group]] | ||
| Line 70: | Line 104: | ||
* [https://www.bseindia.com/stock-share-price/nayara-energy-ltd/ESSAROIL/500134/ Essar Oil BSE listing] | * [https://www.bseindia.com/stock-share-price/nayara-energy-ltd/ESSAROIL/500134/ Essar Oil BSE listing] | ||
{{Energy companies and | {{Energy companies and organisations in India}} | ||
{{Authority control}} | |||
[[Category:Rosneft]] | [[Category:Rosneft]] | ||
| Line 78: | Line 113: | ||
[[Category:Non-renewable resource companies established in 1969]] | [[Category:Non-renewable resource companies established in 1969]] | ||
[[Category:Indian companies established in 1969]] | [[Category:Indian companies established in 1969]] | ||
[[Category:1969 establishments in Maharashtra]] | |||
[[Category:Companies formerly listed on the National Stock Exchange of India]] | |||
[[Category:Companies formerly listed on the Bombay Stock Exchange]] | [[Category:Companies formerly listed on the Bombay Stock Exchange]] | ||
Latest revision as of 21:50, 26 March 2026
This article needs additional citations for verification. (July 2023) |
![]() | |
![]() | |
Formerly | Essar Oil Limited |
|---|---|
| Industry | Oil and gas |
| Founded | 12 September 1989 |
| Founder(s) | Shashi, Ravi Ruia |
| Headquarters | Nayara Energy Limited
5th Floor, Godrej BKC, Plot No. C-68, G Block, Bandra Kurla Complex, , India[1] |
Key people |
|
| Products | Petroleum |
| Revenue | |
| Total assets | |
| Total equity | |
| Owners | Rosneft (49.13%) Kesani Enterprises Co Ltd and United Capital Partners(49.13%) |
| Website | www |
| Footnotes / references https://www.nayaraenergy.com/storage/news-rooms/August2025/tZeRnDAPQxuiGKEwfupT.pdf | |
Nayara Energy Limited (NEL) (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) (Template:Pronunciation) is an Indo-Russian oil refining and marketing company that owns and operates Vadinar Refinery located at Dwarka district of Kutch Vadinar, Gujarat, India with a capacity of 250 MMTPA of refining capacity Crude oil processed [3] making it the second largest refinery in India.[4] It operates 6000+ Nayara branded outlets and over 1200 petrol pumps in various states.
History[edit | edit source]
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 | edit source]
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).[5][6]
Operations[edit | edit source]
It operates over 6600 retail fuel outlets in the country, highest for any private oil company in India.[7]
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.[8][9]
Vadinar processes ~400,000 bpd (~20 million MT/year), making it India’s second‑largest single‑site refinery, with ~7,000 retail outlets under the Nayara brand.[10]
International sanctions[edit | edit source]
July 2025 – European Union sanctions[edit | edit source]
Source:[11]
On 18 July 2025, amid its 18th sanctions package targeting Russian oil and energy revenues, the EU designated Nayara Energy’s Gujarat-based Vadinar refinery—49.13 % owned by Russia’s Rosneft—as subject to sanctions, citing its status as the "biggest Rosneft refinery in India" and its role in refining Russian crude into petroleum products.[10]
These measures include:[12]
- "prohibition on importing refined petroleum products made from Russian crude via third countries (effective after a 6‑month transition)[13];"
- "asset freezes, travel bans, and restrictions on financial services and shipping/insurance for activities linked to refining or transporting Russian oil — including involvement in the EU "shadow fleet"[14];"
- "a lowered EU oil price cap on Russian crude (approx. US$47.6/bbl, effective 3 Sept 2025) with a dynamic mechanism to prevent evasion[12];"
Impact and response:
- "Nayara is banned from exporting to the EU, and risks losing access to European banking, insurance, and technology services[14]."
- "India criticised the move as “unilateral” and accused the EU of “double standards”, citing strategic energy needs[10][13][15]."
- "The sanctions likely hinder Rosneft’s planned 49 % stake sale and complicate Reliance’s cross-border fuel exports to Europe[16]."

See also[edit | edit source]
References[edit | edit source]
- ↑ "Contact us". nayaraenergy.com. Retrieved 17 March 2026.
- ↑ 2.0 2.1 2.2 2.3 2.4 "Annual report 2025" (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.
- ↑ 10.0 10.1 10.2 "Why did EU sanction Nayara Energy's Vadinar refinery in Gujarat? What we know so far". Mint. 19 July 2025.
- ↑ "Nayara Energy first Indian refinery to be hit by anti-Russia sanctions". The Times of India. 18 July 2025. ISSN 0971-8257. Retrieved 19 July 2025.
- ↑ 12.0 12.1 Abnett, Kate; Tunagur, Enes; Strahm, Milan; Abnett, Kate (18 July 2025). "What's in the EU's 18th sanctions package against Russia?". Reuters. Retrieved 19 July 2025.
- ↑ 13.0 13.1 Laskar, Rezaul H (18 July 2025). "Gujarat refinery hit by EU's new Russia sanctions; India says double standards". Hindustan Times.
- ↑ 14.0 14.1 Choudhary, Sanjeev (19 July 2025). "EU fuels crude awakening for Nayara Energy, but Reliance feels the heat too". The Economic Times. ISSN 0013-0389. Retrieved 19 July 2025.
- ↑ "India cries foul as EU curbs on Russia hit Gujarat refinery". The Times of India. 19 July 2025. ISSN 0971-8257. Retrieved 19 July 2025.
- ↑ "New EU sanctions could block Rosneft's Indian refinery sale plans, Bloomberg reports". The Kyiv Independent. 18 July 2025. Retrieved 19 July 2025.

