Latest news with #SureshP.Manglani
Mint
25-06-2025
- Automotive
- Mint
Ambani and Adani join hands to sell transportation fuel together
Mumbai: Adani Total Gas Ltd and Reliance Industries Ltd arm Jio-bp have partnered to sell auto fuel across select outlets, the companies said in a statement on Wednesday. Select ATGL outlets will sell Jio-bp's petrol and diesel, and the Jio-bp outlets will integrate ATGL's compressed natural gas (CNG) dispensing units, the statement said. 'This partnership will enable us to leverage each other's infrastructure, thus enhancing customer experience and offerings,' said Suresh P. Manglani, executive director and CEO of Adani Total Gas. This is the second time the rival billionaires have partnered, after Reliance acquired a 26% stake in an Adani Power project in Madhya Pradesh in March 2024. 'We are united by a shared vision to offer our customers a superior selection of high-quality fuels,' said Sarthak Behuria, chairman of Jio-bp. Nirav Karkera, the head of research at Fisdom, said, 'The collaboration between RIL and the Adani Group is expected to be highly synergistic, offering significant operating leverage through their combined physical presence. By providing complementary products, the partnership aims to deliver a more comprehensive customer experience. In a sector largely dominated by state-run entities, this alliance positions both groups advantageously.' The agreement covers the partners' existing and future outlets. Adani Total Gas has 650 CNG operating stations, and Jio-bp has 2,000 outlets. 'ATGL stands to benefit from the extensive Jio-BP fuel station network, while Jio-BP can expand its pincode-level reach through ATGL's infrastructure in a cost-efficient manner. The partnership is likely to be accretive for both players, enabling better margin management through station-level cost synergies,' said Karkera. Adani Total Gas is a joint venture between Adani Group and French multinational Total Energies. The company distributes natural gas to households, industries, commercial customers, and motorists. It also offers compressed biogas, electric vehicle charging, and liquefied natural gas (LNG) for the transport segment. Jio-bp, a joint venture between Reliance Industries and bp, is a mobility solutions provider in India, with a presence in fuel retailing and low-carbon alternatives. India's natural gas demand is forecast to increase by nearly 60% by 2030, driven by robust growth in city gas distribution, industrial demand and power generation, as per the International Energy Agency's latest reports. In their 2023-30 forecast period, India is projected to account for a third of global oil demand growth. Indian standalone refiners are poised to benefit meaningfully in the first quarter of FY26 as global product cracks, especially diesel and aviation turbine fuel (ATF), have surged following escalating geopolitical tensions in the Middle East, according to a June Yes Securities report. Reliance shares closed 1.2% higher at ₹ 1,467.30, and Adani Total Gas closed at ₹ 634.15 on the National Stock Exchange on Wednesday.
The Hindu
25-06-2025
- Automotive
- The Hindu
Adani, Reliance units tie up to combine fuel retail network strength
Adani Total Gas Ltd. (ATGL) and Jio-bp, the operating brand of Reliance BP Mobility Ltd., have announced the signing of an agreement to for combining their strengths in auto fuel retail in India. Under this agreement, 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. ATGL, a joint venture of Adani and TotalEnergies is into city gas distribution (CGD) and provides natural gas to households, industries, commercial customers, and motorists. It also offers Compressed Biogas (CBG), EV Charging, and LNG for the transportation segment. Jio-bp, a joint venture between Reliance Industries Ltd. and bp, is into 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 & CEO, Adani Total Gas Ltd. The agreement covers both existing and future outlets of both parties. ATGL currently operates a network of 650 CNG stations, while Jio-bp has a network of 2000 outlets.
Business Standard
25-06-2025
- Business
- Business Standard
Adani Total Gas gains on joining hands with Jio-bp to enhance auto fuel retail experience in India
Adani Total Gas (ATGL) rose 1.06% to Rs 638.50 after the company announced a strategic partnership with Jio-bp, the joint venture between Reliance Industries and bp Mobility, to transform the auto fuel retail experience in India. As part of the agreement, select ATGL fuel outlets will offer Jio-bps high-performance liquid fuels (petrol and diesel), while certain Jio-bp outlets will incorporate ATGLs CNG dispensing units within ATGLs authorized Geographical Areas (GAs). The collaboration aims to enhance the supply of high-quality fuels for transport consumers. ATGL, a joint venture between the Adani Group and TotalEnergies, is a leading city gas distribution (CGD) company in India. It supplies natural gas to households, industrial and commercial customers, and vehicle owners. The company also offers compressed biogas (CBG), EV charging solutions, and LNG for the transport sector. Jio-bp is a prominent player in Indias mobility sector, with a wide network of fuel stations and a strong focus on low-carbon energy solutions and modern convenience retail. Currently, ATGL operates around 650 CNG stations, while Jio-bp manages a network of approximately 2,000 fuel outlets. This strategic alliance marks a significant milestone in the journey of both companies toward sustainable growth and innovation. Sarthak Behuria, chairman, Jio-bp, said, 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 others strengths to further enhance the value we provide to India. Suresh P. Manglani, executive director and chief executive officer, Adani Total Gas, said, It is our shared vision to provide complete range of high-quality fuels at our outlets. This partnership will enable us to leverage each others infrastructure, thus enhancing customer experience and offerings. Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector. Adani Total Gas reported a 9.65% fall in standalone net profit to Rs 149.38 crore in Q4 FY25 as against Rs 165.34 crore posted in Q4 FY24. However, revenue from operations (excluding excise duty) increased by 14.57% YoY to Rs 1,335.85 crore for the quarter ending 31 March 2025.
Business Standard
29-04-2025
- Business
- Business Standard
Adani Total Gas Q4 PAT fall 10% YoY to Rs 149 cr
Adani Total Gas reported 9.65% fall in standalone net profit to Rs 149.38 crore in Q4 FY25 as against Rs 165.34 crore posted in Q4 FY24. However, revenue from operations (excluding excise duty) increased by 14.57% YoY to Rs 1,335.85 crore for the quarter ending 31 March 2025, driven by higher volume, primarily in the CNG segment. Profit before tax was at Rs 149.38 crore in Q4 FY25, down 9.65% as against Rs 165.34 crore reported in Q4 FY24. The companys EBITDA declined 10.16% YoY to Rs 274 crore in the March 2025 quarter. Total sales volume jumped 13% to Rs 263 million metric standard cubic meters (MMSCM) in Q4 FY25 as against 232 MMSCM in Q4 FY24. Compressed natural gas (CNG) sales increased by 18% YoY to 177 MMSCM, while piped natural gas (PNG) sales rose by 5% YoY to 87 MMSCM during the period under review. During Q4 FY25, the company added 42 new CNG stations, increasing the number to 647. The company has completed cumulatively around 13,772 inch-km of steel pipeline network. The company has increased industrial & commercial connections to 9,299, with 386 new consumers added. On a full-year basis, the companys standalone net profit increased marginally to Rs 648.02 in FY25 as against Rs 653.10 crore reported in the same period a year ago. Revenue from operations (excluding excise duty) jumped 11.5% YoY to Rs 4,986.08 crore in FY25. Suresh P. Manglani, ED & CEO of Adani Total Gas, said, During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations). ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15% year-on-year increase in volume, accelerating operations excellence supported by digitalization which has contributed in maintaining EBITDA of Rs 1,167 crore despite challenges faced by CGD sector on domestic gas allocation. Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed out of which 2,338 EV charging points are energized. In Biomass, besides stabilizing CBG production at Barsana plant, we have launched brand Harit Amrit for sale of an organic fertilizer. We have commissioned our 1 st LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead Indias energy mobility transition journey with customer centric approach and continue to have sustainable growth. Meanwhile, the companys board has recommended a dividend of Rs 0.25 per equity share for the financial year 2024-25, subject to the approval of shareholders at the ensuing Annual General Meeting of the company. Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector. The counter shed 0.41% to Rs 614.55 on the BSE.
NDTV
28-04-2025
- Business
- NDTV
Adani Total Gas Reports 15% Operational Revenue Growth In Q4 FY2025
Ahmedabad: Adani Total Gas Limited (ATGL) on Monday reported strong results, with revenue from operations increasing by 15 per cent at Rs 1,448 crore in Q4 FY25. For the entire FY25, operational revenue rose by 12 per cent on account of higher volume, primarily in the CNG segment. The volume went up 13 per cent in Q4 FY25 and 15 per cent year-on-year in FY25. The company earned a consolidated PAT of Rs 155 crore in Q4. In the January-March period, the company added 42 new CNG stations to reach 647, while expanding PNG home connections to 9.63 lakh, adding 40,991 new households. It expanded its footprint to 3,401 installed electric vehicle (EV) charging points across 26 states/UTs. "During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations)," ATGL ED and CEO, Suresh P. Manglani, said. ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15 per cent year-on-year increase in volume, accelerating operations excellence supported by digitalisation, which has contributed to maintaining EBITDA of Rs 1,167 crore, despite challenges faced by the CGD sector on domestic gas allocation, Manglani added. Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed, out of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at the Barsana plant, "we have launched the brand 'Harit Amrit' for the sale of an organic fertiliser. We have commissioned our first LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with a customer-centric approach and continue to have sustainable growth," Manglani noted. The average supply of APM-based natural gas for CNG (T) segment during the quarter was at 49 per cent, and the combined volume allocation for APM and New Well Gas (NWG)/Intervention Gas for CNG was at 56 per cent, informed the company. With effect from April 16, 2025, while APM allocation of natural gas for CNG (T) has been reduced from 51 per cent to 37 per cent, it has been replaced with New Well Gas (NWG)/Intervention Gas and the combined volume allocation of APM and NWG for CNG at 65 per cent.
