Nayara Energy Ltd - Company Profile
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Nayara Energy Ltd (Nayara Energy) operates as a major player in the oil refining and marketing sector. The company's main activities include refining crude oil and marketing oil-refined products. Its major products comprise Euro-grade petroleum products, sulfur, bitumen, pet coke, fly ash, and high-speed diesel. Nayara Energy serves a diverse customer base, including companies in the industrial and transport sectors, through its extensive network of retail outlets. The company also utilizes a coal-based captive power plant, a storage unit, and a deep-water port to support its operations. Nayara Energy's geographic operations are centered around its refinery in Vadinar, Gujarat, and it targets markets across India. 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
No of Employees
3,500
Industry
Energy and Utilities
Revenue (2024)
$18.7B
Nayara Energy Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| - | - |
| Bitumen | Refining Services |
| High Flash High Speed Diesel | Retailing |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In January, the company announced its plans to invest and construct a 1.5 million tonne per annum ethane cracker at its Vadinar refinery in Gujarat, India. |
| 2023 | Stake Sale | In January, the company sold its 24.5% held by Trafigura to a Rome-based energy investment group. |
| 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. |
Competitor Comparison
| Key Parameters | Nayara Energy Ltd | Reliance Industries Ltd | Indian Oil Corp Ltd | Bharat Petroleum Corp Ltd | Mangalore Refinery and Petrochemicals Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | New Delhi | Mumbai | Mangalore |
| State/Province | Maharashtra | Maharashtra | Delhi | Maharashtra | Karnataka |
| No. of Employees | 3,500 | 403,303 | 29,941 | 8,747 | 2,530 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Teymur Abasguliyev | Chief Executive Officer | Senior Management | 2025 | - |
| Deepesh Baxi | Chief Financial Officer | Senior Management | 2025 | - |
| Madhur Taneja | Chief Marketing Officer | Senior Management | 2021 | - |
| Khusrav Sanginov | Chief Commercial Officer | Senior Management | - | - |
| Sergey Denisov | Chief Development Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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