Nayara Energy

NEW DELHI: RelianceIndustries Ltd, operator of the world's biggest refining complex, is selling diesel at a cheaper rate than state fuel retailers, several petrol pump dealers said on Tuesday, helping boost local sale of its fuel.The…

NEW DELHI: India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct…

The rapid take-up of electric vehicles in India's fledgling market has prompted a major rethink about the country's long-term fuel needs as refiners in Asia's third-largest economy hasten their shift away from oil production.India, one of…

<!-- -->Essar sold Essar Oil to a group backed by Russian oil major Rosneft.New Delhi: Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the…

NEW DELHI: The Supreme Court on Monday gave final nod to Russian oil producer Rosneft-backed Nayara Energy’s Rs 1.5 lakh crore plan for expansion of existing refinery complex and for setting up a new petrochemical complex in Vadinar in…

NEW DELHI: India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed. Diesel exports dropped to 2.18…

Nayara has been a key buyer of Russian oil, snapping up the discounted product shunned by some western companies and countries. NEW DELHI: Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft…

<!-- -->Nayara Energy posted a net profit of about 35.64 billion rupees ($447.5 million) in the June quarterNew Delhi: Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its…

NEW DELHI: NEW DELHI: India's Nayara Energy, part owned by Russian oil major Rosneft, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports. Nayara posted a…

Net export of diesel and petrol declined 23% and 8% respectively in June over May as exports fell and imports rose to meet the soaring domestic demand at a time when local refineries are operating above their nameplate capacity. India has…