BPCL Partners with Shell and Tiki Tar to Expand Value-Added Bitumen Portfolio

Bilkul Bazaar

Ahmedabad |

Bharat Petroleum Corporation Limited (BPCL) has entered into a strategic partnership with Shell India Private Limited and Tiki Tar Industries through a joint venture and share subscription agreement to strengthen its presence in India’s value-added bitumen (VAB) market.

Under the agreement, BPCL will collaborate with Shell Gas B.V. and Tiki Tar Industries (Baroda) Limited in TTSIPL, a joint venture established in 2019 to manufacture specialised bitumen products for India’s road construction and infrastructure sector.

The investment comes as India continues to expand its road and infrastructure network through initiatives such as the Bharatmala Pariyojana. The joint venture will focus on producing, marketing and selling polymer modified bitumen (PMB), crumb rubber modified bitumen (CRMB) and bitumen emulsions. These products are increasingly being used in highways and airport runways because of their durability, resistance to varying temperatures and longer service life. The venture will also work on solutions aimed at reducing carbon emissions and promoting waste circularity in the paving industry.

The company said the partnership combines Shell’s global technology and innovation capabilities, Tiki Tar’s network of six manufacturing plants and logistics infrastructure, and BPCL’s nationwide marketing and distribution network. The joint venture will also be rebranded to reflect the revised ownership structure.

BPCL Chairman and Managing Director Sanjay Khanna said the partnership would help bring advanced road construction technologies to India by combining global expertise with BPCL’s manufacturing and distribution capabilities.

BPCL Director (Marketing) Subhankar Sen said the demand for value-added bitumen is rising rapidly due to large infrastructure projects and that the collaboration would enable the company to expand its product portfolio while targeting major government and infrastructure contracts.

Shell Aviation President and TTSIPL Chairman Raman Ojha said the collaboration brings together complementary strengths developed over the years and would support innovation and more resource-efficient road construction in India.

Rajendra Shah of Tiki Tar said the company’s six manufacturing facilities across Taloja, Halol, Palwal, Mangalore, Vizag and Pithampur provide the venture with scalable production capacity, which, together with BPCL’s market reach and Shell’s technology, positions the joint venture to expand in the value-added bitumen segment.

BPCL Business Head (Industrial & Commercial Solutions) Manoj Menon said the partnership would strengthen the company’s industrial solutions portfolio by combining advanced technology, manufacturing expertise and an extensive distribution network to support India’s growing infrastructure sector.

BPCL is India’s second-largest oil marketing company with refining operations at Mumbai, Kochi and Bina, a combined refining capacity of approximately 35.3 MMTPA, and a nationwide network of more than 25,300 fuel stations. The company is also expanding its clean energy initiatives, including electric vehicle charging infrastructure and its target of becoming a Net Zero Energy Company by 2040 for Scope 1 and Scope 2 emissions.