Nayara Energy which was earlier known as Essar Oil is backed up by Russian energy giant Rosneft, chalking out massive expansion plans in India that include setting up of a Greenfield petrochemical complex. The organization is further focusing on ramping up its existing refining capacity from 20 million tons per annum to 46 at Vadinar near Jamnagar in Gujarat.
About Nayara Energy
Initially known as Essar Oil, Nayara Energy is an integrated downstream oil company of international scaling. It encompasses the entire hydrocarbon value chain from refining to production and marketing. 2016 was the year when Essar Oil was acquired by Rosneft which is the world’s largest public gas and oil company by liquid hydrocarbon production.
Along with that, an investment consortium was led by global commodity trading firm Trafigura and UCP Investment Group. Since then, Essar Oil has been renamed as Nayara Energy.
Nayara Energy: India’s Second Largest Single Site Refinery
Nayara Energy is proudly and successfully operating India’s second largest single site refinery which is located in Vadinar, Gujarat. The refinery is capable of producing some of the toughest crudes, ending in producing high-quality Euro 4 and 5-grade products.
Moreover, Nayara Energy successfully bags the credit for managing the fastest emerging and growing retail network chain in India accompanied by the largest private sector fuel retail network.
Nayara Energy’s rapid expansion has resulted in having more than 5,000 operational outlets in India followed by over 2,600 outlets at various stages of completion. This sudden expansion has been appreciated by The Franchising World magazine that made them a renowned member in the Top Franchise 100 Brands List.
Nayara Energy’s Expansion Plan
The brand is heavily focusing on increasing its retail presence across the entire nation that led to the additional investment at the captive port of Vadinar. While emerging as Indian fastest retail network chain, the brand is aiming at bagging more than 7,000 petrol pumps under its own banner in the next 2 to 3 years.
Nayara Energy: The Potential Retail Segment in Modern India
Apart from dominating the refinery industry in India, Nayara Energy owns and successfully operates the huge network of Essar Petrol Pumps to retail quality petroleum products. The organization is extending its reach via franchisee-owned franchisee-operated model, generating business opportunity among different Indian regions.
Today, India accounts for more than 5,000 Essar petrol pumps that are present in India, fueling the nation.
Franchise 100
The Franchising World, India’s no.1 franchising magazine, identifies the TOP 100 franchise brands and celebrates their achievements every year in its anniversary issue. The issue highlights the established Indian and big global brands that are increasing their positioning in India along with the new-age brands that are lucrative and profitable; expanding fast, and can act as a reference guide for budding entrepreneurs and investors across India.
Franchise Top 100 is the one-stop destination to know everything about the franchise industry, which establishes authority and strength to evaluate the growth of the franchise industry.
