BPCL's Board of Directors, in a meeting held on 30th May, 2025, approved the following:
Investment in Tikitar and Shell India Private Limited (TTSIPL), a joint venture company of Tikitar Group and Shell Gas B.V, in the domain of manufacturing and marketing of value-added bitumen. This is subject to approvals from DIPAM and other regulatory approvals and on fulfillment of various terms and conditions.
Replacement of the existing old Catalytic Cracking Unit (CCU) and Fluidised Catalytic Cracking Unit (FCCU) at Mumbai Refinery with a “State of Art” Petro Resid Fluidized Catalytic Cracking (PRFCC) Unit and its associated facilities, at a gross capital expenditure of ₹14,200 crore. The new unit is expected to improve the refinery performance upon commissioning.