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BPCL to buy 40% stake in Shell, Tiki Tar venture to expand value-added bitumen business
Bharat Petroleum Corporation Ltd. is acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore, marking its significant entry into India's booming value-added bitumen market. This strategic move aims to capitalize on the nation's infrastructure development, particularly road construction. The joint venture will leverage Shell's technology and Tiki Tar's manufacturing capabilities, combined with BPCL's extensive distribution network, to supply advanced bitumen products for major projects.
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thehindubusinessline.com
BPCL to buy 40% stake in Tiki Tar and Shell India for ₹85 crore
BPCL to acquire 40% of Tiki Tar and Shell India for ₹85 crore to enhance its bitumen market presence.
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economictimes.indiatimes.com
BPCL to buy 40% stake in Tiki Tar and Shell India for Rs 85 crore
Bharat Petroleum Corporation is set to acquire a 40% stake in Tiki Tar and Shell India for Rs 85 crore, bolstering its presence in India's expanding value-added bitumen market.…
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BPCL joins Shell, Tiki Tar to target India’s road infrastructure boom
The venture will target government contracts under the Bharatmala Pariyojana highway programme, as well as Public Works Department projects
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BPCL to buy 40% stake in Shell, Tiki Tar venture to expand value-added bitumen business
Bharat Petroleum Corporation Ltd. is acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore, marking its significant entry into India's booming value-added bitumen…