MUMBAI, JUNE 29, 2026: Bharat Petroleum Corporation Limited (BPCL) has entered a strategic joint venture with Shell and Tiki Tar by signing a share subscription agreement with TTSIPL. The move aims to expand its footprint in value-added bitumen products amid India’s massive infrastructure push.
The rebranded venture will produce and market polymer modified bitumen (PMB), crumb rubber modified bitumen (CRMB), and bitumen emulsions. These specialised products promise better durability, temperature resistance, and longer life for national highways and airport runways under Bharatmala Pariyojana. It also claims focus on decarbonisation and waste circularity.
BPCL brings its vast sales network, Shell offers advanced technology and innovation, while Tiki Tar contributes six manufacturing plants and logistics strength. Together, they target government contracts and large PWD projects.
Shri Sanjay Khanna, CMD, BPCL stated: “India’s infrastructure is evolving at breakneck speed. This joint venture combines global technology, advanced blending, and BPCL’s network to deliver next-generation road solutions and energise lives.”
Shri Subhankar Sen, Director (Marketing), BPCL added: “Demand for durable bitumen is surging. Our sales reach must now convert into actual contracts and visible results on the ground.”
Shri Raman Ojha, Chairman TTSIPL and President Shell Aviation said: “BPCL’s entry strengthens decades of collaboration. We must now set new benchmarks in innovation and resource-efficient construction.”
Shri Rajendra Shah, Tiki Tar highlighted: “Our six plants at Taloja, Halol, Palwal, Mangalore, Vizag, and Pithampur give immediate scale. Execution will decide if this partnership truly leads the VAB market.”
Mr. Manoj Menon, Business Head (Industrial & Commercial Solutions), BPCL noted: “This strengthens our portfolio with high-performance products to support infrastructure growth and deliver long-term customer value.”
