BPCL to acquire 40 pc stake in Tiki Tar and Shell India for Rs 85 crore
New Delhi, June 29
State-owned Bharat Petroleum Corporation Ltd on Monday announced that it will acquire a 40 per cent stake in Tiki Tar and Shell India Pvt Ltd for Rs 85 crore to strengthen its presence in the rapidly growing value-added bitumen market.
The strategic investment is aimed at accelerating BPCL's expansion in India's infrastructure sector, where demand for specialised bitumen products is expected to grow alongside road and airport construction, the PSU firm said in an exchange filing.
The acquisition is expected to be completed within 90 days, subject to the fulfilment of customary conditions, it added.
BPCL said the acquisition would help it capture opportunities in the value-added bitumen segment by leveraging TTSIPL's product portfolio and market presence.
Registered with the Registrar of Companies, Mumbai, TTSIPL has an authorised share capital of Rs 37 crore and a paid-up capital of around Rs 36 crore, BPCL added.
In the fourth quarter of FY26, BPCL reported a net profit of Rs 3,191 crore.
Revenue remained broadly stable at Rs 1.18 lakh crore, while EBITDA stood at Rs 10,061 crore.
According to BPCL, petrol sales in Delhi crossed 27,800 metric tonnes (MT) in May 2026, compared with over 27,100 MT in the corresponding month last year, registering a growth of around 2.5 per cent.
Diesel sales also witnessed steady growth during the month, reaching over 16,500 MT against more than 16,100 MT in May 2025, registering a growth of about 3 per cent.
Shares of Bharat Petroleum Corporation Ltd closed at Rs 301.35, down 2.74 per cent on the BSE on Monday. The stock has touched a 52-week high of Rs 391.85 and a 52-week low of Rs 266.55 on the BSE.
In the last five years, the PSU stock has gained 30 per cent from Rs 230 to Rs 300.
— IANS
Reader Comments
While this is positive, I hope BPCL is also focusing on clean energy transitions. Bitumen is petroleum-based after all. But yes, for now, our roads need quality materials. Just wish the PSUs would also invest more in sustainable alternatives. 🤔
Actually, this is smart timing. With the government's push for highway expansion and new airports, demand for specialised bitumen is only going to grow. BPCL closing at Rs 301 is concerning though - down 2.74% today. Hope the market sees the long-term value in this move. 📈
I remember when petrol sales were much lower in Delhi. A 2.5% growth in May 2026 compared to last year shows our economy is moving. But why is the stock down? Rs 85 crore for a bitumen company... let's see if this pays off. BPCL needs to show better results for shareholders.
Infrastructure growth is good, but we must also consider the environmental impact. Bitumen production and use generate emissions. I appreciate BPCL's strategic thinking, but would love to see more investment in green alternatives for road construction. Balanced development is key. 🌱
Interesting move. As someone watching Indian markets from abroad, I think this aligns well with India's infrastructure push. The Rs 85 crore price tag looks modest for a 40% stake. BPCL's revenue stability at Rs 1.18 lakh crore is impressive. Will be watching how this integrates.
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