In a move that bolsters its long-term strategy to expand in the value-added bitumen (VAB) business—one of the fastest-growing segments supporting India’s infrastructure sector—state-owned Bharat Petroleum Corporation Limited (BPCL) has announced the acquisition of a 40% stake in Tiki Tar and Shell India Pvt. Ltd. (TTSIPL) for ₹85 crore.
Subsequent to the satisfaction of usual criteria, the business has informed stock markets that the transaction is anticipated to be finalised within 90 days. By utilising TTSIPL’s well-established product portfolio, technical knowledge, and customer network, the strategic investment is anticipated to enhance BPCL’s position in the market.
The move coincides with India’s massive investment in transportation infrastructure, which is driving up demand for specialist bitumen products with enhanced performance, longer road life, and greater durability.
The acquisition will allow the PSU to diversify its downstream operations, take advantage of new prospects in the value-added bitumen industry, and create long-term value for stakeholders, according to BPCL.
Tiki Tar and Shell India Pvt. Ltd. is a well-established participant in the specialist bitumen industry, with a paid-up capital of about ₹36 crore and an approved share capital of ₹37 crore, as recorded with the Registrar of Companies, Mumbai.
BPCL’s robust operational performance in the face of fluctuating market conditions was evident in the company’s solid financial performance during the fourth quarter of FY2025-26, which included a net profit of ₹3,191 crore, revenue of ₹1.18 lakh crore, and an EBITDA of ₹10,061 crore.
A robust demand for fuel has also been seen by the PSU. May 2026 saw a 2.5% increase in petrol sales and a 3.0% increase in diesel sales in Delhi, all of which point to consistent demand in these important markets.
The share price of BPCL on Monday was ₹301.35 on the BSE, representing a 2.74 percent decline for the day. The stock’s roughly 30% gain over the past five years is evidence of investors’ faith in the energy giant for the long haul.
Image: Money Control
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