Mukesh Ambani, Gautam Adani’s biggest partnership, join hands for…, how will the deal help Indians?
GH News June 26, 2025 03:06 AM

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.
Ambanis fuel venture with UKs 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-bps fuel pumps according to a joint statement on Wednesday.
The partnership will cover both groups existing as well as future outlets. Jio-bp owns 1972 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-bps high-performance liquid fuels (petrol and diesel) while select Jio-bp fuel outlets will integrate ATGLs CNG dispensing units within ATGLs 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.
Ambanis firm Reliance had picked up a 26 per cent stake in Adani Powers 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 others 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 others 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 97366 petrol pumps in the country. PSUs are also a dominant player in city gas.
Ambani VS Adani In Different Business
With Ambanis interests spanning oil and gas to retail and telecom and Adanis focus on infrastructure spanning sea ports to airports coal and mining they rarely crossed each others 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. Ambanis 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 Gujarats Kavada the arid land bordering Pakistan where Adani is also building the worlds 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 Adanis 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. Adanis entry was facilitated when a close associate of Ambani sold out a firm to give him controlling stake in NDTV.
(With Inputs From PTI)