Nayara Energy

What links here Related changes Page information Get shortened URL
Created by ClueBot NG
Last edited March 26, 2026

Nayara Energy
Formerly
Essar Oil Limited
IndustryOil and gas
Founded12 September 1989; 37 years ago (1989-09-12)
Founder(s)Shashi, Ravi Ruia
HeadquartersNayara Energy Limited 5th Floor, Godrej BKC, Plot No. C-68, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051, Maharashtra
,
India[1]
Key people
ProductsPetroleum
RevenueDecrease ₹150,324 crore (US$21 billion) (2025)[2]
Decrease ₹9,528 crore (US$1.3 billion) (2025) [2]
Decrease ₹6,079 crore (US$850 million) (2025) [2]
Total assetsDecrease ₹85,447 crore (US$12 billion) (2025) [2]
Total equityIncrease ₹50,010 crore (US$7.0 billion) (2025) [2]
OwnersRosneft (49.13%)
Kesani Enterprises Co Ltd and United Capital Partners(49.13%)
Websitewww.nayaraenergy.com
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]."
Nayara Energy Port at Vadinar, Gujarat

See also[edit | edit source]

References[edit | edit source]

  1. ↑ "Contact us". nayaraenergy.com. Retrieved 17 March 2026.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "Annual report 2025" (PDF).
  3. ↑ www.ETEnergyworld.com. "Nayara Energy says on track for setting up solar power plants, Energy News, ET EnergyWorld". ETEnergyworld.com. Retrieved 30 January 2023.
  4. ↑ "Nayara Energy exports 80% of fuel to Asia, Africa; none to EU". The Economic Times. Retrieved 30 January 2023.
  5. ↑ "Essar Oil delists in Rs 3,745 cr payout". The Hindu. 31 December 2015. Retrieved 31 December 2015.
  6. ↑ "Essar Oil completes delisting process with Rs 3,745-cr payout". The Indian Express. Retrieved 31 December 2015.
  7. ↑ "Private OMCs Gain market share in Bulk Diesel sales".
  8. ↑ Mishra, Twesh (5 February 2021). "Nayara Energy's India fuel retail outlets". The Economic Times. Retrieved 1 May 2023.
  9. ↑ 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. ↑ 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.
  11. ↑ "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. ↑ 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. ↑ 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. ↑ 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.
  15. ↑ "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.
  16. ↑ "New EU sanctions could block Rosneft's Indian refinery sale plans, Bloomberg reports". The Kyiv Independent. 18 July 2025. Retrieved 19 July 2025.

External links[edit | edit source]

Retrieved from "https://en.bharatpedia.org/w/index.php?title=Nayara_Energy&oldid=470996"
Discover more