June 29: Bharat Petroleum Corporation Limited (BPCL) has announced that it will acquire a 40% stake in Tiki Tar Industries and Shell India Markets Private Limited for ₹85 crore as part of its strategy to strengthen its presence in the infrastructure and bitumen segment.
The move is aimed at expanding BPCL’s portfolio beyond traditional fuels and into value-added products used widely in road construction and infrastructure development. Bitumen and related materials play a key role in highways, urban roads, and waterproofing applications, and demand for these products is expected to grow with India’s infrastructure push.
Officials said the partnership is expected to bring together BPCL’s refining and distribution strengths with the technical expertise and market reach of the companies involved, creating operational synergies and improving product availability.
The acquisition is part of BPCL’s broader plan to diversify its downstream business and tap into emerging opportunities linked to India’s rapid infrastructure growth. The deal will be completed after receiving necessary regulatory approvals.