Energy • Oil Refining & Marketing

Nayara Energy Limited, formerly known as Essar Oil Limited, is India's second-largest private sector oil refining and marketing company. It owns and operates the Vadinar Refinery in Gujarat — one of India's largest single-site refineries with a capacity of 20 MMTPA and a Nelson Complexity Index of 11.8, accounting for nearly 8% of India's total refining capacity. The company also operates a nationwide retail fuel network of 6,000+ Nayara-branded outlets. In 2017, a consortium led by Rosneft (Russia's state oil company) and Trafigura acquired a majority stake for $12.9 billion. Revenue stood at ₹1,56,000 Cr for FY24.
Companies in the same sector, closest in size first.
Largest unlisted companies by implied market cap.
Data refreshed 08 Nov 2026, 10:00 pm IST.