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United News of India
26-06-2025
- Business
- United News of India
Adani Total-Jio BP tie up to retail Petrol, Diesel, CNG at fuel outlets
Mumbai, June 25 (UNI) Adani Gas Ltd has stated in a filing to the stock exchange that Adani Total Gas Ltd (ATGL) and Jio-BP have entered into a strategic partnership to jointly retail petrol, diesel and CNG across select fuel outlets belonging to each other. According to the deal, select Adani Total fuel stations will retail Jio-BP's petrol and diesel, while select Jio-BP outlets will host Adani Total CNG dispensing units within Adani Total's authorised geographical areas. Adani Total Gas Ltd, which is a joint venture between the Adani Group and TotalEnergies of France, is a leading city gas distribution company which supplies natural gas to households, commercial establishments and industries, while also retailing gas to motorists. Adani Total's business portfolio also involves compressed biogas, electric vehicle charging solutions and LNG for the transportation sector. Jio-BP, which is a joint venture between Reliance Industries Limited and British Petroleum (BP), has a strong network in fuel retailing, alternative low-carbon energy products as well as convenience stores. Jio-BP Chairman Sarthak Behuria said, "The two companies are united by a common vision to offer customers high-quality fuels. This partnership allows us to leverage each other's strengths to further enhance the value we provide to India'. Adani Total's Executive Director & CEO Suresh P Manglani said, 'It is our shared vision to provide a complete range of high-quality fuels at our outlets. This partnership will enable us to leverage each other's infrastructure, thus enhancing customer experience and offerings'. The partnership will cover both existing and forthcoming retail fuel outlets of the two companies. Presently, Adani Total operates around 650 CNG stations, while Jio-BP runs a retail network of nearly 2,000 fuel stations. Adani Total holds authorisation to supply PNG and CNG in 34 geographical areas, while its joint venture with Indian Oil, namely IOAGPL, is authorised to do so in another 19 geographical areas across India. The company's total reach is 53 geographical areas across 125 districts of India. Adani Total has also set up subsidiaries for biomass and electric mobility businesses. UNI XC SSP
Time of India
25-06-2025
- Automotive
- Time of India
Fuels to be available at select Reliance, Adani companies' outlets
MUMBAI/NEW DELHI: Adani Total Gas and Reliance BP Mobility have formed an alliance to offer their respective fuels at each other's retail outlets, marking another collaborative venture between two of India's prominent conglomerates, Adani and Reliance. Previously, Reliance Industries acquired a 26% stake in Adani Power's subsidiary, Mahan Energy, for Rs 50 crore. The latest collaboration enables Adani Total Gas to sell Reliance BP's petrol and diesel at their stations, while Reliance BP will distribute Adani's CNG at their outlets. This arrangement plugs gaps in both companies' fuel distribution networks. PSU oil companies follow a similar practice in various cities, particularly Delhi, where CNG retailers have installed dispensing units at petrol pumps. Adani Total manages 650 CNG stations nationwide, while also offering compressed biogas, EV charging facilities and LNG for transportation. Reliance BP has a larger network of 2,000 retail outlets dispensing liquid fuel, complemented by EV charging services at select locations and convenience stores. A joint statement said they would make their respective fuels available at "select outlets". Adani Total will install CNG dispensing units at Reliance BP outlets, while Reliance BP will "integrate Adani Total's CNG dispensing units, within Adani Total's authorised geographical areas". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo This means that Adani Total will set up CNG dispensing units at Reliance BP stations in areas where the former has the licence to sell CNG fuel. Reliance BP's outlets are operated under the Jio-BP brand. The agreement covers current and future outlets of both companies. Last year, RIL acquired a minority stake in Mahan to align with rules that mandate a 26% ownership for captive users. This secured a 20-year power supply from Mahan. Reliance, owned by Mukesh Ambani, operates in oil and gas, retail, telecom and financial services sectors. Adani, controlled by Gautam Adani, has interests in airports, seaports and cement. Their business paths have intersected recently in media, clean energy, data centres and petrochemicals. In 2022, a firm with connections to Ambani sold interests in news broadcaster NDTV to Adani, marking the latter's first big play in the media sector and creating competition with Ambani's Network 18. While RIL dominates petrochemicals, Adani Petrochemicals is building a petrochemical facility in Mundra, Gujarat. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
25-06-2025
- Business
- Time of India
Adani Group, Reliance in pact for fuel distribution
The Adani Group and Reliance Industries on Wednesday announced a partnership for distribution of fuel. While select outlets of the Adani Group's Adani Total Gas will offer Jio-bp's petrol and diesel, certain Jio-bp stations will install Adani Total's CNG dispensing units, as per the agreement. This is the second major collaboration between the two industrial giants. In March last year, Mukesh Ambani's Reliance Industries had acquired a 26% stake in Adani Power's Mahan Energen Ltd. for ₹50 crore, securing 500 MW of captive power from a 600 MW Madhya Pradesh plant under a 20-year agreement. While Adani Total manages about 650 CNG stations, Jio-bp operates around 2,000 retail outlets. The partnership is expected to provide consumers access to high-quality fuels . The arrangement will be applicable to both existing and future retail outlets operated by the two companies. Live Events "It is our shared vision to provide a complete range of high-quality fuels at our outlets," Suresh P Manglani, the chief executive officer at Adani Total Gas, was quoted in a release as saying. "This partnership will enable us to leverage each other's infrastructure, thus enhancing customer experience and offerings," he said. Adani Total, a natural gas distribution joint venture by Adani and TotalEnergies, is a leading gas distribution company in the country with a strong presence in Ahmedabad, Vadodara, Faridabad, Khurja and several districts in Assam, Chhattisgarh, and Madhya Pradesh. This allows Adani Total to reach 34 geographical areas, with another 19 areas covered through Indian Oil Adani Gas Pvt Ltd (IOAGPL), a 50:50 CGD joint venture between Indian Oil and the company.
Reuters
03-06-2025
- Business
- Reuters
India's Adani Group stocks slip on report US probing alleged Iran sanctions evasion
June 3 (Reuters) - Shares of India's Adani Group firms fell between 1% and 2.5% on Tuesday, a day after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port. An Adani spokesperson called the report "baseless and mischievous" in a statement, adding: "We are not aware of any investigation by U.S. authorities on this subject." Shares in the group's flagship firm Adani Enterprises ( opens new tab opened 2.2% lower, while Adani Ports ( opens new tab fell 2.5%. Adani Total Gas ( opens new tab, Adani Power ( opens new tab, Adani Green ( opens new tab and Adani Energy Solutions ( opens new tab were down between 1% and 2%. India's benchmark Nifty 50 index (.NSEI), opens new tab was down 0.4%, with Adani Enterprises and Adani Ports the top percentage losers. The WSJ said it had found tankers travelling between the Gulf and billionaire Gautam Adani's Mundra port in western India exhibiting traits that experts say are common for ships evading sanctions. Reuters could not independently verify the report and the U.S. Department of Justice and the U.S. Attorney's Office in Brooklyn did not respond to requests for comment. Adani Ports has been the top gainer among Adani Group stocks so far this year, up 16%, while Adani Total has been the top loser, down 11%.
