In order to improve fuel quality offerings, Adani Total Gas (ATGL) partnered with Jio-bp, the fuel retail brand of Reliance BP Mobility. In a regulatory filing on Wednesday, Adani Total Gas announced signing of an agreement with Jio-bp to redefine the auto fuel retail experience for Indian consumers.
Strategic alliance to enhance fuel offerings
Under this partnership, select ATGL fuel outlets will offer Jio-bp’s liquid fuels (petrol and diesel), while select Jio-bp fuel outlets will integrate ATGL’s CNG dispensing units, within ATGL’s authorized Geographical Areas (GA).
The agreement encompasses both current and upcoming outlets of the two companies. Currently, ATGL runs around 650 CNG stations, whereas Jio-bp operates a network of approximately 2,000 outlets.
ATGL is a joint venture of Adani and TotalEnergies and is India’s leading city gas distribution (CGD) player, serving natural gas to households, industries, commercial customers, and motorists. ATGL also offers Compressed Biogas (CBG), EV Charging, and LNG for the transportation segment. Jio-bp is a joint venture between Reliance Industries Limited and bp and is a mobility solutions provider in India, with a presence in fuel retailing, low-carbon alternatives, and modern convenience stores.
Leadership commentary on partnership
Sarthak Behuria, Chairman, Jio-bp, said, “Jio-bp has always been committed to delivering an exceptional customer experience, and this partnership allows us to leverage each other’s strengths to further enhance the value we provide to India.”
Suresh P Manglani, Executive Director and Chief Executive Officer, Adani Total Gas Ltd, said, “This partnership will enable us to leverage each other’s infrastructure, thus enhancing customer experience and offerings.”
Shares of Adani Total Gas were up 0.57 per cent at 3:20 pm today at a trading price of Rs 635.40.