Nayara Energy Limited (NEL) (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) 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
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).
Buyout
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
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
July 2025 – European Union sanctions
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]
Impact and response:
- "prohibition on importing refined petroleum products made from Russian crude via third countries (effective after a 6‑month transition);[13]
See also
- Rosneft
- United Capital Partners
- Vadinar Refinery
- Essar Group
External links
References
- Contact us nayaraenergy.com, retrieved 17 March 2026^
- Annual report 2025^
- www.ETEnergyworld.com. Nayara Energy says on track for setting up solar power plants, Energy News, ET EnergyWorld ETEnergyworld.com, retrieved 2023-01-30