Bharat Petroleum Corporation (BPCL) has signed the agreement on June 29, 2026 to acquire 40% equity stake in Tiki Tar and Shell India (TTSIPL), a joint venture company of Tiki Tar Group and Shell Gas B.V.
BPCL’s strategic acquisition of a 40% stake in TTSIPL is primarily driven by the need to capture the rapidly growing market for Value-Added Bitumen (VAB) in India’s booming infrastructure sector. The cost of acquisition is Rs 85 crore.
Bharat Petroleum Corporation is a leading Oil and Gas company, providing services to both retail and bulk customers.
