|COMPANY NAME||NAYARA ENERGY LTD.|
|NATURE OF BUSINESS||PETROLIUM PRODUCTS|
|YEAR OF EASTBLISHMENT||1989|
|REGISTERED ADDRESS||Khambhalia Post, P O Box 24,District Devbhumi Dwarka - 361 305,Gujarat, India .|
MNayara Energy is a new-age downstream & petrochemicals company of international scale with a unique mix of young and experienced minds and a robust foundation of best-in-class infrastructure and processes with a desire to deliver excellence, every step of the way.
It owns India’s second-largest single-site, state-of-the-art refinery, and one of the most modern and complex refineries in the country having businesses across the hydrocarbon value chain, from refining to retail, and is geared up to drive the vision of delivering crude to chemicals.
Essar Oil Limited was the company's previous name until May 2018, when it changed to Nayara Energy Limited.
The business markets petroleum products in South Africa, India, Singapore, Mozambique, the United Arab Emirates, and other countries.
It also refines crude oil. The company sells bitumen, fly ash, high speed diesel, high flash high speed diesel, petcoke, and sulphur.
With a capacity of 20 MTPA and a high complexity index of 11.8 and making up about 8% of the country's total refinery capacity, the corporation owns and manages India's second largest single-site, state-of-the-art, and most modern and complicated refinery.
From refining to marketing, the company is involved in the whole hydrocarbon value chain. It is currently preparing to transport crude to chemicals as well.
It is India's fuel retail network with the quickest growth. Rosneft, the largest publicly traded oil and gas company in the world by liquid hydrocarbon production and reserves, and an investment group led by Trafigura and UCP Investment Group bought Nayara Energy in 2016.
Prior to being taken private in a leveraged buyout that concluded on December 30, 2015. It was a publicly traded firm that was delisted at a price of 380 billion.