Adani Total Gas share price settles higher after partnership with Jio-bp; what we know so far

The stock settled 0.36% higher at ₹634.10 apiece on the National Stock Exchange (NSE). Its market capitalisation stands at ₹69,738.96 crore.

According to an exchange filing, Adani Total Gas Ltd (ATGL) signed an agreement with Jio-bp to improve the auto fuel retail experience for customers. Under the deal, Jio bp’s high-performance petrol and diesel will be available at select ATGL outlets.

Similarly, select Jio-bp outlets will integrate the Adani Group firm's CNG dispensing units within authorised geographical areas of ATGL.

Sarthak Behuria, chairman of 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 of ATGL, said, "We are united by a shared vision to offer our customers a superior selection of high-quality fuels. 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."

Adani Total Gas is a joint venture (JV) of Adani and TotalEnergies. It is among the key city gas distribution players in the country, serving natural gas to industries, households, motorists and commercial customers.

The partnership covers both existing and future outlets of both partners. Currently, ATGL operates 650 CNG stations, while Jio-bp has 2000 outlets.

ATGL had posted a 15.49% increase in its consolidated revenue from operations to ₹1,453.37 crore in the March quarter of the financial year 2024-25, compared to ₹1,258.37 crore a year back.

However, net profit fell 7.96% to ₹154.59 crore in FY25 as against ₹167.96 crore in FY24.