Bharat Petroleum Corporation Limited (BPCL), a Maharatna PSU under the Ministry of Petroleum and Natural Gas will acquire a 40% stake in Tiki Tar and Shell India Pvt. Ltd. (TTSIPL) for ₹85 crore to strengthen its presence in India’s fast-growing value-added bitumen market. The acquisition is expected to be completed within 90 days and will help BPCL expand its portfolio of specialised bitumen products supporting the country’s infrastructure development.
Key Highlights
- BPCL to acquire a 40% stake in Tiki Tar and Shell India for ₹85 crore.
- Acquisition expected to be completed within 90 days, subject to customary approvals.
- Investment strengthens BPCL’s position in the growing value-added bitumen market.
- Move aligns with India’s expanding road, highway and airport infrastructure projects.
State-owned Bharat Petroleum Corporation Limited (BPCL) has announced the acquisition of a 40 per cent stake in Tiki Tar and Shell India Pvt. Ltd. (TTSIPL) for ₹85 crore, reinforcing its long-term strategy to expand in the value-added bitumen (VAB) business, one of the fastest-growing segments supporting India’s infrastructure sector.
The company informed stock exchanges that the acquisition is expected to be completed within 90 days, subject to the fulfilment of customary conditions. The strategic investment is expected to strengthen BPCL’s market position by leveraging TTSIPL’s established product portfolio, technical expertise and customer network.
The decision comes at a time when India is investing heavily in highways, expressways, airports and urban infrastructure, leading to rising demand for specialised bitumen products that offer better durability, improved performance and longer road life.
According to BPCL, the acquisition will enable the PSU to capture emerging opportunities in the value-added bitumen segment, diversify its downstream business and create long-term value for stakeholders.
Tiki Tar and Shell India Pvt. Ltd., registered with the Registrar of Companies, Mumbai, has an authorised share capital of ₹37 crore and a paid-up capital of approximately ₹36 crore, making it an established player in the specialised bitumen business.
BPCL has also reported a strong financial performance during the fourth quarter of FY2025-26, posting a net profit of ₹3,191 crore, revenue of ₹1.18 lakh crore, and an EBITDA of ₹10,061 crore, reflecting resilient operational performance despite changing market conditions.
The PSU has also witnessed healthy fuel demand. Petrol sales in Delhi increased by around 2.5 per cent during May 2026, while diesel sales grew by nearly 3 per cent, indicating sustained consumption across key markets.
On Monday, BPCL shares closed at ₹301.35 on the BSE, down 2.74 per cent for the day. Over the last five years, the company’s stock has delivered nearly 30 per cent returns, highlighting investors’ long-term confidence in the energy major.
Conclusion
BPCL’s ₹85 crore investment in Tiki Tar and Shell India marks another strategic step towards expanding its value-added energy portfolio. As India’s infrastructure spending continues to accelerate, the acquisition positions BPCL to benefit from rising demand for specialised bitumen products while strengthening its long-term growth prospects beyond conventional fuel marketing.
