Nayara Energy Confirms Rs 700 Bn Investment, Slams EU Sanctions
POWER & RENEWABLE ENERGY

Nayara Energy Confirms Rs 700 Bn Investment, Slams EU Sanctions

Nayara Energy, backed by Russian oil major Rosneft, reaffirmed its plan to invest Rs 700 billion in downstream projects while criticising the European Union’s sanctions against it as unjust and contrary to India’s interests.
The company operates a 20 MTPA refinery in Vadinar and manages over 6,750 fuel stations. In its statement, Nayara accused the EU of double standards, citing continued Russian energy imports by European nations.
“The EU’s sanctions jeopardise India’s energy security and disrupt supply to 1.4 billion citizens,” the company said. “We are pursuing all legal means to protect our operations and stakeholders.”
Rosneft holds a 49.13% stake in Nayara, while Kesani Enterprises (UCP and Hara Capital) owns another 49.13%. Nayara asserted it operates in full compliance with Indian law and remains a committed energy provider for the nation.

Nayara Energy, backed by Russian oil major Rosneft, reaffirmed its plan to invest Rs 700 billion in downstream projects while criticising the European Union’s sanctions against it as unjust and contrary to India’s interests.The company operates a 20 MTPA refinery in Vadinar and manages over 6,750 fuel stations. In its statement, Nayara accused the EU of double standards, citing continued Russian energy imports by European nations.“The EU’s sanctions jeopardise India’s energy security and disrupt supply to 1.4 billion citizens,” the company said. “We are pursuing all legal means to protect our operations and stakeholders.”Rosneft holds a 49.13% stake in Nayara, while Kesani Enterprises (UCP and Hara Capital) owns another 49.13%. Nayara asserted it operates in full compliance with Indian law and remains a committed energy provider for the nation.

Next Story
Infrastructure Transport

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Next Story
Infrastructure Transport

Imphal to Gain Rail Connectivity with Jiribam Line Soon

Indian Railways is advancing rapidly on the Jiribam–Imphal railway line, a landmark project set to bring train connectivity to Imphal, the capital of Manipur. The 110.625 km line falls under the administrative control of the Northeast Frontier Railway (NFR) zone.Following the recent completion of the Bairabi–Sairang rail project, which enabled services from Aizawl (Sairang), Imphal will soon join the national rail network. During his visit to Manipur on 13 September 2025, Prime Minister Narendra Modi affirmed that the government is investing Rs 22 billion in the project.Currently, a 55.36 ..

Next Story
Infrastructure Transport

Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?