New Delhi, June 29 (IANS). State-run oil company Bharat Petroleum Corporation Limited (BPCL) on Monday announced that it will acquire 40 per cent stake in Tiki Tar and Shale India Private Limited (TTSIPL) for Rs 85 crore. Through this, the company aims to strengthen its position in the value-added bitumen (VAB) market.
The strategic investment is aimed at accelerating BPCL’s expansion in India’s infrastructure sector, where construction of roads and airports as well as demand for specialty bitumen products is expected to increase, the PSU company said in an exchange filing.
The company further said that subject to completion of common conditions, the acquisition is expected to close within 90 days.
BPCL said the acquisition will help it capitalize on opportunities in the value-added bitumen segment by leveraging TTSIPL’s product portfolio and market presence.
BPCL said that the authorized share capital of TTSIPL, registered with the Registrar of Companies in Mumbai, is Rs 37 crore and paid-up capital is approximately Rs 36 crore.
Additionally, BPCL reported a net profit of Rs 3,191 crore in Q4FY26. During this period, income remained stable at around Rs 1.18 lakh crore, while EBITDA stood at Rs 10,061 crore.
According to BPCL, petrol sales in Delhi stood at more than 27,800 MT in May 2026, while it was more than 27,100 MT in the same month last year. In this way an increase of about 2.5 percent was recorded.
Diesel sales also witnessed a steady increase this month. It has increased from more than 16,100 MT in May 2025 to more than 16,500 MT in May 2026, showing an increase of about three percent.
Shares of Bharat Petroleum Corporation Limited closed 2.74 per cent lower at Rs 301.35 on the Bombay Stock Exchange (BSE) on Monday.
In the last five years, this PSU stock has gained 30 per cent from Rs 230 to Rs 300.
–IANS
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