Bharat Petroleum Corporation Ltd has successfully secured an allocation of 100 MW in a tender issued by the Madhya Pradesh Power Management Company Limited (MPPMCL) for the purchase of wind power. The company achieved this allocation at a competitive tariff of ₹4.12 per kWh through a reverse auction conducted on June 30, 2026, as per the results published on the e-tendering portal. This move underscores BPCL's strategic intent to diversify its energy mix and strengthen its presence in the renewable sector.

Key Details of the Allocation

The reverse auction process was highly competitive, resulting in a tariff rate of ₹4.12 per kWh, indicative of prevailing market conditions for wind power procurement in the region. The allocation was formally intimated to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The intimation was submitted to BSE Ltd. and National Stock Exchange of India Ltd. by V. Kala, Company Secretary of Bharat Petroleum Corporation Ltd. The filing confirms that the company has met the regulatory requirements for disclosing material information related to its business operations. This allocation is expected to contribute to BPCL's long-term sustainability goals by integrating cleaner energy sources into its portfolio.

Bharat Petroleum Corporation Ltd has signed an agreement to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL) for Rs.85 Crores. The strategic move aims to capture the rapidly growing market for Value-Added Bitumen (VAB) in India's infrastructure sector. The transaction is expected to be completed within 90 days, following the receipt of DIPAM approval.

Strategic Rationale

The acquisition is driven by the need to strengthen Bharat Petroleum's position in the value-added bitumen segment. TTSIPL, a joint venture between Tiki Tar Group and Shell Gas B.V., offers a product portfolio including VG Grade Bitumen, Polymer Modified Bitumen (PMB), and Crumb Rubber Modified Bitumen (CRMB). These products are essential for highways and airport runways, representing a higher-margin business compared to conventional bitumen.

Target Entity Profile

Tiki Tar and Shell India Private Limited was incorporated on 11 October 2019 and operates in the oil and gas industry. The company markets, processes, and sells bitumen products primarily in India, with export sales extending to Nepal, Bhutan, and Bangladesh. Its authorized share capital is Rs. 370000000.00, and its paid-up capital is Rs. 360869560.00.

Financial Performance

The target entity has demonstrated significant revenue activity over the past three years. The turnover figures according to its financial records are as follows:

Transaction Details

The acquisition is structured as a cash consideration deal. Bharat Petroleum will pay Rs.85 Crores to secure the 40% equity stake in TTSIPL. The deal does not constitute a related party transaction, and the requisite governmental approvals, including DIPAM, have already been obtained.