Ahmedabad: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and Maharatna Public Sector Undertaking, has announced a strategic partnership with Shell India Private Limited and Tiki Tar Industries (Baroda) Limited to strengthen its presence in India’s rapidly expanding infrastructure and road construction sector.
The collaboration follows the signing of a Joint Venture and Share Subscription Agreement under which BPCL joins the existing partnership between Shell Gas B.V. and Tiki Tar Industries. Established in 2019, the joint venture has been engaged in developing value-added bitumen products designed to support India’s evolving infrastructure requirements.
The strategic investment comes at a time when India is witnessing unprecedented growth in road and highway development through flagship initiatives such as the Bharatmala Pariyojana. The venture will focus on manufacturing, marketing and selling advanced value-added bitumen (VAB) products, including Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and Bitumen Emulsions, which are widely used in national highways, airport runways and other critical infrastructure projects due to their superior durability, temperature resistance and longer service life.
The partnership also aims to introduce innovative solutions supporting decarbonisation and waste circularity in India’s road construction industry.
The collaboration combines the strengths of all three partners. Shell will contribute its global technology expertise and innovation capabilities in advanced bitumen solutions, while Tiki Tar will provide its extensive manufacturing network comprising six production facilities across India along with an established logistics infrastructure. BPCL will leverage its nationwide marketing and distribution network to expand the venture’s reach across government infrastructure projects, Public Works Departments (PWDs), and major construction contracts.
Speaking on the occasion, Shri Sanjay Khanna, Chairman and Managing Director of BPCL, said India’s infrastructure is transforming at an unprecedented pace, creating the foundation for a stronger and more connected future. He noted that the partnership combines world-class technology, advanced blending capabilities and BPCL’s robust manufacturing and distribution network to make next-generation road construction technologies more accessible across the country.
Highlighting the strategic importance of the venture, Shri Subhankar Sen, Director (Marketing), BPCL, said the demand for high-performance value-added bitumen is rising rapidly alongside India’s infrastructure expansion. He added that BPCL’s strong sales network would enable the joint venture to secure major government and infrastructure projects while delivering long-term growth.
Shri Raman Ojha, Chairman of TTSIPL and President, Shell Aviation, described the partnership as a combination of complementary strengths built over decades. He said the inclusion of BPCL as a strategic partner would help redefine industry standards through innovation while supporting India’s transition towards more durable and resource-efficient road construction.
Emphasising the operational capabilities of the venture, Shri Rajendra Shah of Tiki Tar Industries stated that the company’s six state-of-the-art manufacturing plants located at Taloja, Halol, Palwal, Mangalore, Visakhapatnam and Pithampur provide immediate scalable production capacity, positioning the joint venture as a strong leader in the value-added bitumen segment.
Mr. Manoj Menon, Business Head – Industrial & Commercial Solutions at BPCL, said the collaboration significantly strengthens BPCL’s Industrial & Commercial Solutions portfolio by combining Shell’s technology, Tiki Tar’s manufacturing expertise and BPCL’s extensive market presence to deliver innovative and sustainable bitumen solutions for India’s growing infrastructure needs.
The joint venture will also be rebranded to reflect its new ownership structure, reinforcing the partners’ shared vision of delivering advanced, sustainable and high-performance paving solutions that support India’s infrastructure ambitions.