Nayara Energy Ltd (Nayara Energy) is a downstream company that carries out the refining and marketing of oil refined products. The company operates a refinery at Vadinar in Gujarat, which is capable of processing crude from sweet to sour and light to heavy into Euro-grade petroleum products. Its portfolio of products includes sulfur, bitumen, pet coke, fly ash and high-speed diesel. The refinery has access to a coal-based captive power plant; a storage unit; and a deep-water port. The company markets its petroleum products through a network of retail outlets. It also sells products in bulk to companies operating in the industrial and transport sectors. Nayara Energy is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
5th Floor, Jet Airways Godrej BKC, Plot No. C-68, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra, 400051
Website
www.nayaraenergy.com
Telephone
91 22 66121800
Industry
Energy and Utilities
Revenue (2022)
$11.9B
Nayara Energy Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| High Flash High Speed Diesel | Retailing |
| Bitumen | Refining Services |
| Compressed Natural Gas | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Regulatory Approval | In November, the company secured remaining nod from the Supreme Court for expansion of current refinery advanced and for establishing a brand new petrochemical advanced in Vadinar in Devbhoomi Dwarka district. |
| 2022 | Contracts/Agreements | In October, the company and Rosneft signed a contract on supplying a diesel-powered hydro-processing catalyst manufactured by RN-Kat to India. |
| 2022 | Plans/Strategy | In September, the company announced its plans to fully shut its 400,000 barrels per day (bpd) Vadinar refinery. |
Competitor Comparison
| Key Parameters | Nayara Energy Ltd | Indian Oil Corp Ltd | Reliance Industries Ltd | Bharat Petroleum Corp Ltd | Mangalore Refinery and Petrochemicals Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | New Delhi | Mumbai | Nagpur | New Delhi |
| State/Province | Maharashtra | Delhi | Maharashtra | Maharashtra | Delhi |
| No. of Employees | - | 31,254 | 342,982 | 8,594 | 2,100 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Prasad K Panicker | Chairman; Head-Refinery | Executive Board | 2022 | - |
| Alois Virag | Chief Executive Officer | Senior Management | 2021 | - |
| Rajani Kesari | Chief Financial Officer | Senior Management | 2023 | - |
| Madhur Taneja | Chief Marketing Officer | Senior Management | 2021 | - |
| Harsh Bhosale | Chief People Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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