BPCL to buy 40% stake in Tiki Tar and Shell India for ₹85 crore
Bharat Petroleum Corporation (BPCL) is acquiring a 40% stake in Tiki Tar and Shell India for ₹85 crore. This strategic investment aims to bolster BPCL's position in the bitumen market amid India's infrastructure growth.
Why it matters
This acquisition reflects the ongoing consolidation in the Indian infrastructure supply sector as state-run firms seek to capitalize on government-led construction projects.
State-run Bharat Petroleum Corporation on Monday (June 29, 2026) said it will acquire a 40% equity stake in Tiki Tar and Shell India for ₹85 crore in cash, as it seeks to expand its presence in India's fast-growing value-added bitumen market.
The article is a factual report on a corporate financial transaction.
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