Nayara Energy Ltd

Nayara Energy Limited (formerly Essar Oil Limited) is one of India’s leading downstream energy companies, built around the world-class Vadinar refinery in Gujarat and a rapidly growing nationwide retail fuel network. Nayara Energy began as Essar Oil Limited in the late 1980s, promoted by the Essar Group to build a large, modern refinery. Construction of the Vadinar refinery started in the mid-1990s, and commercial operations commenced in 2008. The refinery is among the largest single-site facilities in India, with a capacity of about 20 million tonnes per annum (MMTPA). It is a high-complexity refinery capable of processing diverse crude oils and producing high-value products like petrol, diesel, LPG, and aviation fuel for both domestic and export markets. In 2017, Essar Oil was acquired by a Rosneft-led consortium, marking one of the landmark transactions in India’s energy sector. The following year, the company was rebranded as Nayara Energy Limited, reflecting a refreshed identity and a renewed focus on efficiency, retail expansion, and future-ready energy solutions. Nayara Energy has achieved several milestones: processing over 20 million tonnes of crude annually with high operational reliability, building one of India’s largest private fuel retail networks with thousands of outlets, introducing advanced fuel grades and supporting the government’s ethanol blending