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BPCL, Shell, Tiki Tar joint venture to enhance bitumen supply

BPCL has formed a joint venture with Shell and Tiki Tar to produce value-added bitumen, targeting India's growing infrastructure demand. The new company aims to enhance supply and promote sustainable practices in the paving industry.

pre-market1 source ↓machine-written, see hownot a recommendation

Bharat Petroleum Corp Ltd (BPCL) has partnered with Shell and Tiki Tar Industries to form Bharat Tiki Tar Shell Pvt Ltd, focusing on producing value-added bitumen. This venture aims to meet the rising demand in India's infrastructure sector, particularly for roads and airports. The collaboration will leverage Shell's technology and BPCL's sales network to deliver high-performance products and promote sustainability in paving.

Not investment advice. For informational purposes only.

This bulletin was generated by OI Charts' system from the sources listed here and from OI Charts market data, and was published without individual review. Read how bulletins are made or report an error. OI Charts is not a SEBI-registered investment adviser or research analyst. This is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 8 Oct 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BPCL closed −3.4% on the day of the news, from ₹296.35 to ₹286.25; Nifty −1.6% over the same session; futures OI +0.5%.

Bulletin at 07:02 IST on 8 Oct 2026. Every change is measured from ₹296.35, the last close before it, on 7 Oct. Nifty 50 is measured over the same sessions.

  • BPCL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BPCL closes around the bulletin against the close before the news, with Nifty 50 rebased to it266.12296.35326.58axis spans 23%before the news · 7 Oct296.35Nifty 50BPCLbulletinD0+1+330 Sept8 Oct14 OctFutures open interest, lotspeak 21,000Reference close ₹296.35. 10 sessions from 30 Sept to 14 Oct; the price axis spans 23 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before7 Oct₹296.35basebase
On the day8 Oct₹286.25▼ −3.4%▼ −1.6%−1.8 pp difference
+1 session9 Oct₹287.80▼ −2.9%▼ −0.4%−2.5 pp difference
+3 sessions13 Oct₹287.40▼ −3.0%▲ +0.5%−3.5 pp difference
+5 sessionsnot reached yet———
Gap at the open, % · ₹
▼ −0.4%−1.24 on 8 Oct
Day's range, % · ₹
4.1%≈ 12 high to low
Volume on the day
1.46×the 20-session average
Futures OI on the day
▲ +0.5%+100 lots · short build-up · price −3.4%
Futures OI open, lots
21,0008 Oct · 27 Oct expiry
Futures premium, ₹
−0.15−0.1% to spot
Puts per call, by OI
0.64from 0.82 the session before
Max pain
300from 300 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

Sector · Infrastructure, Energy

Company · BPCLAll BPCL bulletins →