BPCL Investment in Bitumen Business

Why in News

BPCL agreed to acquire:

40% equity stake

in Tiki Tar and Shell India Pvt Ltd for:

₹85 crore

BPCL

A:

Maharatna Public Sector Undertaking

under:

Ministry of Petroleum and Natural Gas

Why Important?

The acquisition aims to strengthen BPCL's presence in:

Bitumen and road-infrastructure materials

Bitumen

Bitumen is widely used in:

• Road construction

• Road maintenance

• Asphalt mixtures

Relevant Institution

Approval was provided by:

DIPAM

Full form:

Department of Investment and Public Asset Management

Under:

Ministry of Finance

GS Link

GS III: Infrastructure, PSUs