BPCL’s Bold Bet: Rs 5,000 Crore Raise & Bitumen Expansion

Bharat Petroleum Corporation (BPCL) is strengthening its financial position by raising up to Rs 5,000 crore via non-convertible debentures (NCDs) to support its ongoing investments in refining and fuel marketing. Concurrently, BPCL is expanding its infrastructure footprint by acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore. This strategic move will establish BPCL as an equal joint venture partner in the bitumen-based road construction products market, pending regulatory approvals.

News by Rahul Yelligetti.