BPCL to Buy 40 Per Cent Stake in Tiki Tar, Shell India for Rs 850 mn

03 Jul 2026 CW Team

Bharat Petroleum Corporation Ltd (BPCL) will acquire a 40 per cent equity stake in Tiki Tar and Shell India Pvt Ltd (TTSIPL) for Rs 850 million (mn) in cash, the company said on Monday. The purchase is intended to expand BPCL's presence in India's value added bitumen market that supplies highways and airport runways. The acquisition has received approval from the Department of Investment and Public Asset Management and is expected to be completed within 90 days according to a regulatory filing.

Tiki Tar and Shell India was incorporated in October 2019 and manufactures and markets bitumen and bituminous products used in road and runway construction. The transaction will make BPCL a significant minority investor in TTSIPL while Shell India will retain the remaining shareholding. BPCL will finance the deal from internal accruals and the investment is aligned with its strategy to grow higher margin product offerings.

Analysts view the move as part of a wider industry trend where refiners and fuel retailers seek downstream diversification into specialised bitumen grades and related services. The market for value added bitumen has shown steady demand driven by public infrastructure spending and airport upgrades across the country. BPCL's entry is expected to support domestic supply chains and provide technical and commercial synergies with its existing lubricants and bitumen businesses.

The companies did not disclose detailed commercial terms beyond the price and stake but regulatory documents set out the approval timeline and closing conditions. BPCL will continue to report results and any material developments through statutory filings as required by market regulators. The deal follows several recent transactions in the sector as players reposition to capture opportunities in construction and infrastructure material supply.

Real Estate

21 Jul 2026

ANDPL launches AI assistant for Dharavi residents

Adani Navbharat Developers (ANDPL), the special purpose vehicle implementing the Dharavi Redevelopment Project (DRP), has launched Dharavi Didi, a 24x7 AI-powered digital assistant to provide residents with official information on the redevelopment programme.Accessible through video calls, voice calls and WhatsApp, the platform enables residents to obtain information on surveys, eligibility, documentation, rehabilitation and project updates in Hindi, Marathi and English. Support for Tamil, Telugu and Gujarati is planned in the coming months.According to ANDPL, the initiative is intended to imp..

Indobell Secures Domestic Order For Nodulated Wool

Indobell Insulations Limited (Indobell) has disclosed that it has secured a domestic order from Sundaram Brake Linings Limited (Sundaram Brake Linings) for the supply of nodulated wool valued at Rs 48.74 mn. The company submitted the disclosure to BSE Limited on 17 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related circulars. The filing identified the purchaser as a domestic entity and described the contract as a standard supply agreement to be fulfilled over a specified timeline. The order carries payment terms of 45 days by..

PTC Secures BrahMos Order For Strategic Missile Subsystem

PTC Industries Limited has received a landmark order from BrahMos Aerospace Private Limited for development, integration and supply of a strategic missile sub-system for the BrahMos programme. The order marks the company’s first major assignment in systems-level integration and represents a strategic move further downstream in the aerospace and defence value chain. The award reflects BrahMos Aerospace's confidence in PTC’s engineering depth, manufacturing discipline, quality systems and execution capability. The development opens a new chapter as PTC transitions from supplying critical mat..