State-owned Bharat Petroleum Corporation Ltd (BPCL) has announced its plan to purchase a 40% stake in Tiki Tar and Shell India Pvt Ltd (TTSIPL) for Rs 85 crore. This move aims to enhance BPCL’s presence in the growing value-added bitumen market, particularly in India’s infrastructure sector where demand for specialized bitumen products is rising.
The strategic investment by BPCL in TTSIPL is expected to expedite the company’s expansion in the infrastructure sector, aligning with the increasing demand for specialized bitumen products due to ongoing road and airport construction projects. The acquisition process is set to be finalized within 90 days, pending the completion of standard conditions.
By acquiring a stake in TTSIPL, BPCL anticipates seizing opportunities in the value-added bitumen segment by leveraging the product portfolio and market presence of TTSIPL. TTSIPL, registered with the Registrar of Companies in Mumbai, has an authorized share capital of Rs 37 crore and a paid-up capital of approximately Rs 36 crore, as per BPCL’s statement.
BPCL reported a net profit of Rs 3,191 crore in the fourth quarter of FY26, with revenue remaining stable at Rs 1.18 lakh crore and EBITDA at Rs 10,061 crore. Notably, petrol sales in Delhi for May 2026 surpassed 27,800 metric tonnes, marking a growth of around 2.5% compared to the same period last year. Similarly, diesel sales in May 2026 showed a steady increase, reaching over 16,500 metric tonnes, reflecting a growth of about 3% from May 2025.
Shares of Bharat Petroleum Corporation Ltd closed at Rs 301.35 on the BSE, experiencing a 2.74% decline on Monday. The stock’s 52-week performance on the BSE indicates a high of Rs 391.85 and a low of Rs 266.55, with a 30% increase over the last five years from Rs 230 to Rs 300.
