Latest news with #AdaniTotalGasLtd
Business Standard
27-06-2025
- Business
- Business Standard
Adani Total Gas Ltd spurts 4.62%, up for fifth straight session
Adani Total Gas Ltd is quoting at Rs 675.35, up 4.62% on the day as on 12:44 IST on the NSE. The stock is down 24.63% in last one year as compared to a 6.78% jump in NIFTY and a 12.3% jump in the Nifty Energy. Adani Total Gas Ltd is up for a fifth straight session today. The stock is quoting at Rs 675.35, up 4.62% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25638.55. The Sensex is at 84013.92, up 0.31%. Adani Total Gas Ltd has gained around 0.35% in last one month. Meanwhile, Nifty Energy index of which Adani Total Gas Ltd is a constituent, has gained around 2.12% in last one month and is currently quoting at 36179.1, up 1.3% on the day. The volume in the stock stood at 93.01 lakh shares today, compared to the daily average of 12.59 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 678.55, up 4.33% on the day. Adani Total Gas Ltd is down 24.63% in last one year as compared to a 6.78% jump in NIFTY and a 12.3% jump in the Nifty Energy index. The PE of the stock is 109.44 based on TTM earnings ending March 25.
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
Hans India
26-06-2025
- Automotive
- Hans India
Adani Total Gas Limited and Jio-bp Partner to Enhance Quality Fuel Offerings
Ahmedabad, 25 June 2025: Adani Total Gas Ltd. (ATGL) and Jio-bp (operating brand of Reliance BP Mobility Limited) today announced signing of an agreement to redefine the auto fuel retail experience for Indian consumers. Under this partnership, select ATGL fuel outlets will offer Jio-bp's high-performance 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), thus enhancing the supply of high-quality fuels to transport consumers. ATGL, a joint venture of Adani and TotalEnergies, 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, a joint venture between Reliance Industries Limited and bp, is a leading mobility solutions provider in India, with a strong presence in fuel retailing, low-carbon alternatives, and modern convenience stores. 'We are united by a shared vision to offer our customers a superior selection of high-quality fuels. 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,' said Sarthak Behuria, Chairman, Jio-bp. 'It is our shared vision to provide 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,' said Suresh P Manglani, Executive Director and Chief Executive Officer, Adani Total Gas Ltd. The agreement covers both existing and future outlets of both partners. ATGL currently operates a network of ~650 CNG stations, while Jio-bp has a network of ~2000 outlets. This strategic alliance marks a significant milestone in the journey of both companies toward sustainable growth and innovation. About Adani Total Gas ATGL is India's leading city gas distribution company, with authorization to supply PNG and CNG in 34 Geographical Areas and plays a significant role in the nation's efforts to enhance the share of natural gas in its energy mix. Additionally, ATGL's 50:50 joint venture with IOCL, Indian Oil-Adani Gas Private Limited (IOAGPL), has authorization to supply PNG and CNG in 19 GAs, thus covering a total of 53 GAs and 125 districts in the country. Further, ATGL has formed two wholly owned subsidiaries, namely Adani TotalEnergies E-Mobility Ltd (ATEL) and Adani TotalEnergies Biomass Ltd (ATBL) for its E-Mobility and Biomass businesses respectively. ATGL has also formed a 50:50 joint venture, Smart Meter Technologies Private Limited, which is in the business of manufacturing smart gas meters. For more information, please visit About Jio-bp Operating under the brand 'Jio-bp', Reliance BP Mobility Limited (RBML) is an Indian fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp. The joint venture leverages Reliance's presence across the country and its millions of consumers through the Jio digital platform while bp brings its extensive global experience in high-quality differentiated fuels, lubricants, retail, and advanced low carbon mobility solutions. In addition to marketing conventional fuels, Jio-bp provides advanced mobility solutions and alternative fueling options to its customers such as Electric Vehicles (EV) charging, compressed biogas (CBG) and more. The company's aviation brand 'air bp-Jio' is a leading supplier of Aviation Turbine Fuel across India. The brand 'Jio-bp Fuel4U' caters to on-demand doorstep delivery of diesel and is a market leader in the segment. Jio-bp is also the India partner for popular UK fuel forecourt Café brand by bp, Wildbean Café (WBC), and have innovated to take WBC outside the fuel forecourt. Learn more about Jio-bp on / Twitter, Instagram, Facebook, YouTube: @Jiobpofficial/ For latest updates check out For Media Queries : ATGL: Roy Paul I [email protected] Jio-bp: Aritra Chakrabarty | [email protected]
India.com
25-06-2025
- Automotive
- India.com
Mukesh Ambani, Gautam Adani's biggest partnership, join hands for…, how will the deal help Indians?
(File) Mukesh Ambani and Gautam Adani have joined forces to sell automotive fuels by integrating their respective fuel retail networks, marking the second business collaboration between the two billionaire industrialists. Ambani's fuel venture with UK's BP, Jio-bp, will set up petrol and diesel dispensers at CNG retail outlets of Adani Total Gas Ltd (ATGL). Alongside, ATGL is the equal city gas joint venture of Adani Group and TotalEnergies of France will put up CNG dispensing units at Jio-bp's fuel pumps, according to a joint statement on Wednesday. The partnership will cover both group's existing as well as future outlets. Jio-bp owns 1,972 petrol pumps across the country while ATGL operates a network of 650 CNG stations in 34 geographical areas. 'Adani Total Gas Ltd (ATGL) and Jio-bp (operating brand of Reliance BP Mobility Ltd) today (Wednesday) announced signing of an agreement to redefine the auto fuel retail experience for Indian consumers. 'Under this partnership, select ATGL fuel outlets will offer Jio-bp's high-performance liquid fuels (petrol and diesel), while select Jio-bp fuel outlets will integrate ATGL's CNG dispensing units, within ATGL's authorised geographical areas (GA), thus enhancing the supply of high-quality fuels to transport consumers,' the statement said. This is the second time in recent months that the rival billionaires have come together. In March last year, the two had signed the pact for their first-ever collaboration for a power project in Madhya Pradesh. Ambani's firm Reliance had picked up a 26 per cent stake in Adani Power's project in MP and signed to use the plants' 500 MW of electricity for captive use. How ATGL And Jio-bp Help Customer? ATGL also offers compressed biogas (CBG), EV charging, and LNG for the transportation segment. Jio-bp, on the other hand, is a leading mobility solutions provider in India, with a strong presence in fuel retailing, low-carbon alternatives, and modern convenience stores. 'We are united by a shared vision to offer our customers a superior selection of high-quality fuels. 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,' Jio-bp Chairman Sarthak Behuria 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,' ATGL Executive Director and Chief Executive Officer Suresh P Manglani said. The agreement covers both existing and future outlets of both partners, the statement said. 'This strategic alliance marks a significant milestone in the journey of both companies toward sustainable growth and innovation.' Ambani and Adani are coming together to challenge the dominance of state-owned retailers in the fuel retailing space. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) control over 90 per cent of 97,366 petrol pumps in the country. PSUs are also a dominant player in city gas. Ambani VS Adani In Different Business With Ambani's interests spanning oil and gas to retail and telecom and Adani's focus on infrastructure spanning sea ports to airports, coal and mining, they rarely crossed each other's path except in the clean energy business where the two have announced multi-billion investments. Adani is building mega renewable energy parks and has also ventured into solar modules and wind turbine manufacturing. Ambani's Reliance, too, is building four gigafactories at Jamnagar in Gujarat — one each for solar panels, batteries, green hydrogen, and fuel cells. Reliance is also eyeing setting up renewable electricity capacity at Gujarat's Kavada, the arid land bordering Pakistan where Adani is also building the world's largest solar park with 30 gigawatts capacity. The two had come face-to-face during an auction of the 5G spectrum airwaves. While Ambani bid for airwaves to sustain his telecom business, Adani's entry had surprised many. Adani, however, ended up buying a small quantum of spectrum which he later traded with Bharti Airtel. While Ambani has been in the media space since 2014 with news channels such as CNBC-TV18, CNN-News18, and entertainment channels like Colors, Adani only recently followed in his footsteps. Adani's entry was facilitated when a close associate of Ambani sold out a firm to give him controlling stake in NDTV. (With Inputs From PTI)
Time of India
25-06-2025
- Automotive
- Time of India
Adani Total Gas, Jio-bp to offer each other's fuels at their pumps
NEW DELHI: Adani Total Gas Ltd (ATGL) and Jio-bp, the fuel retail brand of Reliance BP Mobility Ltd, on Wednesday entered into a partnership for offering their fuels in each other's refuelling stations in select areas. The deal will plug a gap in each company's mobility offerings. ATGL operates CNG stations, while Jio-bp pumps sell only petrol and diesel. Now select ATGL fuel outlets will offer Jio-bp's petrol and diesel, while select Jio-bp fuel outlets will integrate ATGL's CNG dispensing units, within ATGL's licence areas. State-run fuel retailers have been following this practice in many cities, especially Delhi, where CNG retailers have installed dispensing stations at petrol pumps. Such arrangements help to expand CNG access for consumers by skirting land availability issues. The agreement between ATGL and Jio-bp a covers both existing and future outlets of both partners. ATGL currently operates a network of 650 CNG stations, while Jio-bp has a network of 2000 petrol pumps. ATGL, a joint venture of Adani and TotalEnergies of France, is India's leading city gas distribution, serving natural gas to households, industries, commercial customers, and motorists. ATGL also offers compressed biogas, EV charging, and LNG for the transportation segment. Jio-bp, a joint venture between Reliance Industries Ltd. and UK energy major bp, is a leading mobility solutions provider in India, with a strong presence in fuel retailing, low-carbon alternatives, and modern convenience stores. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
