Bharat Petroleum Corporation Ltd (BPCL) has announced plans to acquire a 40% equity stake in Tiki Tar and Shell India for ₹85 crore in cash.
The state-run oil marketing company stated the transaction is aimed at expanding its footprint in India’s fast-growing value-added bitumen market.
The acquisition represents a strategic push by BPCL to strengthen its downstream capabilities beyond traditional fuel retailing.
By taking a significant minority stake in a specialized bitumen producer, the company seeks to capture higher-margin opportunities in infrastructure materials, which are critical for road construction and maintenance projects across the country.
This move aligns with broader trends among Indian oil marketers to diversify revenue streams and enhance their presence in non-fuel segments.
As infrastructure spending remains a key growth driver for the Indian economy, securing a stronger position in the bitumen supply chain could provide BPCL with a competitive edge in serving large-scale government and private construction contracts.