Reliance Industries NSE -0.08 % (RIL) and bp’s fuel and mobility joint venture, Reliance BP Mobility Limited, launched its first Jio-bp branded mobility station at Navde, Navi Mumbai, Maharashtra on Tuesday.
The joint venture operates fuel retail stations under the Jio-bp brand and is in the process of rebranding the existing 1400 fuel pumps.
“The joint venture is well-positioned to become a leader in fuels and mobility by leveraging Reliance’s vast presence and deep experience in consumer businesses across India, with its hundreds of millions of customers in Jio and Reliance Retail, and bp’s extensive global experience in high-quality differentiated fuels, lubricants, convenience and advanced low carbon mobility solutions,” the company said.