Bharat Petroleum Corporation Limited — JV/Acquisition, 29-06-2026: Acquisition

BPCL has acquired a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL) for Rs. 85 crore. This strategic move aims to capture the rapidly growing market for Value-Added Bitumen (VAB) amidst India's booming infrastructure sector. TTSIPL specializes in essential bitumen products like VG Grade, PMB, and CRMB used in highways and airport runways. This acquisition significantly enhances BPCL's product portfolio and market presence in critical infrastructure materials, aligning with the nation's development push.