Adani Total Gas Ltd. and Jio-bp on Wednesday signed a partnership agreement to sell compressed natural gas and petrol and diesel at each other’s outlets.
“Under this partnership, select ATGL fuel outlets will offer Jio-bp’s high-performance liquid fuels like 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,” the company said in a statement.
The agreement covers both existing and future outlets of both partners. ATGL currently operates a network of nearly 650 CNG stations, while Jio-bp has a network of 2,000 outlets.
ATGL, a joint venture of Adani and French major TotalEnergies, is India’s leading city gas distribution player, selling 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 Ltd. and UK oil giant bp Plc., earlier known as British Petroleum.
“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, Chief Executive Officer of Adani Total Gas.
Adani Total Gas share price was trading 0.45% higher at Rs 634.65 apiece on the BSE as of 3:15 p.m., compared to a 0.82% advance in the benchmark Sensex.
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