Nayara Energy Ltd

Nayara Energy, headquartered in Mumbai, is a downstream oil-and-petrochemicals company with an international footprint. The business traces back to 1989 and operated as Essar Oil Limited until it was rebranded Nayara Energy in May 2018. The company refines crude oil and markets petroleum products across India, South Africa, Singapore, Mozambique, the UAE and other markets, with a product slate that includes bitumen, fly ash, high-speed diesel, high-flash high-speed diesel, petcoke and sulphur. Its refinery — one of India's largest single-site facilities — runs at 20 MTPA capacity with a complexity index of 11.8, accounting for roughly 8% of the country's total refining capacity, and the company is present across the hydrocarbon chain from refining through to marketing, with plans in motion to move further into crude-to-chemicals. It also runs one of India's fastest-growing fuel retail networks. Ownership changed hands in a leveraged buyout that closed on 30 December 2015, when the company was taken private. It was subsequently acquired in 2016 by Rosneft — the world's largest publicly traded oil and gas producer by liquid-hydrocarbon output and reserves — alongside an investment consortium led by Trafigura and UCP Investment Group.