Bharat Petroleum Corporation Limited — Important, 30-05-2025: General Updates

Bharat Petroleum plans to invest in Tikitar and Shell India Private Limited, a JV targeting value-added bitumen products, subject to approvals. The company is set to replace outdated cracking units at Mumbai Refinery with a new Petro Resid Fluidized Catalytic Cracking Unit, involving a Rs 14,200 Cr capex. This major upgrade aims to boost refinery efficiency and output quality.