
Nayara Energy Ltd. (“Nayara Energy”), formerly known as Essar Oil Limited, is a leading private refining and marketing company in India. It is not listed on the NSE or BSE, and its shares currently trade in the unlisted market through private brokers and platforms dealing in unlisted shares. As of late 2025, the Nayara Energy share price in the unlisted market is estimated between ₹1,330 per share, depending on investor demand and market conditions.
The company owns and operates India’s second-largest single-site refinery located at Vadinar, Gujarat, with a refining capacity of 20 MMTPA and a complexity index of 11.8, accounting for nearly 8% of India’s total refining capacity. Nayara Energy markets products such as petcoke, sulphur, high-speed diesel, light diesel oil, bitumen, and fly ash across India and internationally in regions such as Singapore, Mozambique, the UAE, and South Africa.
Nayara Energy operates across the entire hydrocarbon value chain, from refining to marketing, and is now expanding into crude-to-chemicals production. It runs one of India’s fastest-growing retail fuel networks, adding 598 new outlets in FY22, taking the total to 6,568 fuel stations by the end of that year.
The company was formerly owned by the Essar Group and was delisted from Indian stock exchanges in December 2015 after a ₹380 billion leveraged buyout. In 2016, Nayara Energy was acquired by Rosneft, the world’s largest publicly traded oil and gas company by liquid hydrocarbon production and reserves, along with a consortium led by Trafigura and UCP Investment Group. In January 2023, Hara Capital Sarl, part of the Italy-based Marretarra Group, acquired Trafigura’s entire stake.
The company officially changed its name from Essar Oil Limited to Nayara Energy Limited in May 2018. Incorporated in 1989 and headquartered in Mumbai, India, Nayara Energy continues to strengthen its refining and marketing business while exploring Pre-IPO opportunities and preparing for a potential upcoming IPO in the near future, according to market speculation.
Nayara Energy is not listed on NSE or BSE. The company, formerly Essar Oil, was delisted in 2015–2016 after being acquired by a consortium led by Rosneft, Trafigura, and UCP Investment Group.
As of now, there are no official announcements or confirmed plans for Nayara Energy’s upcoming IPO. The company’s Annual General Meeting (AGM) summary clearly states that there are “no immediate IPO plans.” While market speculation often refers to Nayara Energy as a potential “pre-IPO” company, there has been no formal filing or schedule disclosed for a future public listing.
No. Since Nayara Energy was delisted in 2016, its shares cannot be traded through public exchanges. According to the company’s investor information, all transactions must be conducted off-market — meaning directly between private buyers and sellers or through specialized platforms dealing in unlisted shares.