Nayara Energy
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Industry | Oil and gas |
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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 |
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Total assets |
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Total equity |
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Owners | Rosneft (49.13%) Trafigura Group and United Capital Partners (49.13%) |
Website | www |
Nayara Energy Limited (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) (Template:Pronunciation) 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]
History[edit]
Nayara Energy operates the second largest refinery in India. It is located in Vadinar, Devbhoomi Dwarka District, 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]
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[edit]
References[edit]
- ↑ "Contact us". www.nayaraenergy.com. Retrieved 30 January 2019.
- ↑ "Nayara Energy Leadership".
- ↑ "Nayara Energy - Fortune 500 List 2020 - Fortune India". www.fortuneindia.com. Retrieved 12 January 2021.
- ↑ "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.
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
- Companies formerly listed on the Bombay Stock Exchange
- 1969 establishments in Maharashtra
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange