Bharat Petroleum Corporation Limited (BPCL) has announced a strategic partnership with Shell and Tiki Tar Industries to strengthen its presence in India’s fast-growing value-added bitumen (VAB) market. As part of the agreement, BPCL will acquire a 40% stake in the existing joint venture, Tiki Tar and Shell India Private Limited (TTSIPL), further expanding its footprint in the country’s infrastructure sector.
The collaboration will focus on manufacturing and marketing advanced bitumen products, including Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB) and bitumen emulsions. These high-performance materials are widely used in highways, airport runways and other major infrastructure projects due to their superior durability, enhanced temperature resistance and longer service life.
Under the partnership, Shell will contribute its global expertise in advanced bitumen technology and sustainable paving solutions, while Tiki Tar will leverage its nationwide manufacturing network and logistics capabilities. BPCL will strengthen the venture through its extensive sales and distribution network, enabling greater access to government infrastructure projects and public works contracts across India.
The joint venture also aims to promote decarbonisation and waste-circularity initiatives in road construction, aligning with India’s growing focus on sustainable infrastructure. The move is expected to support the country’s ambitious highway expansion programmes while delivering more durable and environmentally responsible road-building solutions.
