Introduction
Nayara Energy is a leading petroleum company in India that operates a vast oil refinery. The company was formerly known as Essar Oil Limited and was acquired by Rosneft and a consortium led by Trafigura and UCP in 2017.
Nayara Energy is known for its high-quality products, services, and innovative solutions. In this article, we will explore Nayara Energy in detail and discuss its history, products, services, and future plans.
History
Nayara Energy was formerly known as Essar Oil Limited, which was founded in 1969. The company was acquired by Rosneft and a consortium led by Trafigura and UCP in 2017. The acquisition was one of the largest foreign investments in India’s energy sector.
The new owners renamed the company Nayara Energy, which means “new era” in Sanskrit. Since then, Nayara Energy has been committed to providing high-quality products and services to its customers.
Products and Services
Nayara Energy operates a vast oil refinery in India that produces a wide range of petroleum products, including gasoline, diesel, aviation fuel, and liquefied petroleum gas (LPG).
The company also offers a range of services, including fuel retailing, aviation fueling, and industrial fuel supply. Nayara Energy is known for its high-quality products and services, which are backed by advanced technology and innovative solutions.
Future Plans
Nayara Energy is committed to expanding its operations and providing innovative solutions to its customers. The company has announced plans to invest $850 million in its Vadinar refinery to upgrade its facilities and increase its capacity.
The investment will enable Nayara Energy to produce higher-quality products and reduce its carbon footprint. The company is also exploring new business opportunities, including renewable energy and electric vehicle charging stations.
Conclusion
Nayara Energy is a leading petroleum company in India that is committed to providing high-quality products and services to its customers.
The company operates a vast oil refinery and offers a range of services, including fuel retailing, aviation fueling , and industrial fuel supply. Nayara Energy is known for its innovative solutions and advanced technology.
The company is also committed to expanding its operations and exploring new business opportunities. With its focus on quality, innovation, and sustainability, Nayara Energy is well-positioned to lead India’s energy sector into the future.
For more information on Nayara Energy and other investment opportunities, visit www.bharatinvest.com
