Nayara Energy operationalised its first rail-fed depot in Wardha, ; inaugurates community school building

Inaugurated the new building that Nayara Energy constructed for a community school

Launched Solar Power Plant and first-of-its-kind Vapour Recovery Unit at the depot

March 26, 2019, Wardha, Maharashtra: Nayara Energy, a leading integrated downstream oil company, today announced that it has operationalized its first state-of-the-art rail-fed Petroleum Oil Lubricants (POL) depot at Wardha in Maharashtra. Spread over 50 acres, the depot has a capacity of over 16,000 kilolitres (KL) of products which will be supplied from Nayara Energy’s refinery at Vadinar, . The depot, which is uniquely positioned, will cater to the requirements of customers as well as business partners in and around the Vidarbha region.

In line with its vision to develop the community alongside, Nayara Energy also inaugurated an Upper Primary School building at Nimgaon village in Wardha. The company further plans to provide mobile medical units in four villages around the depot, in the next phase of its community development to improve healthcare services in the region.

With a focus on promoting sustainability, Nayara Energy has also commissioned a 300-kVA solar power plant that is expected to generate 4,50,000 units/year. The depot will further house a vapour recovery unit with unique hybrid technology, which is a first-of-its-kind in India.

Speaking on the occasion, B. Anand, CEO Nayara Energy said, “The addition of our new depot in Wardha is in line with our commitment to create world-class assets in a sustainable manner to fuel India’s growing energy demands. This, being our first rail-fed depot, will be an important step towards enhancing our supply infrastructure in the region.”

“It also provides us an opportunity to further strengthen our commitment towards the community. By constructing the school building where there was lack of adequate facilities, we are creating a strong foundation for children in the villages and driving transformative change around our depot,” he further added.

About Nayara Energy

Nayara Energy is an integrated downstream oil company of international scale with strong presence across the hydrocarbon value chain from refining to retail. In August 2017, the company was acquired by international investors (a leader of Russia’s petroleum industry and the world’s largest public oil and gas company by liquid hydrocarbon production and reserves) and an investment consortium comprising of global commodity trading firm and UCP Investment Group.

Nayara Energy owns India’s second largest single site refinery at Vadinar, Gujarat with a current capacity of 20MMTPA. It is one of the world’s most modern and complex refineries with a complexity of 11.8, which is amongst the highest globally. Nayara Energy has become the fastest growing retail business chain in India with the largest private sector fuel retail network. The company has over 5,000 operational retail outlets spread across India.

For more details, please visit - www.nayaraenergy.com

Media contact - Kashmira Kadbane, Genesis BCW 8291803285, [email protected]