Global energy conglomerate Shell Group has received the Competition Commission of India’s (CCI) approval for its proposed acquisition of Raj Petro Specialities Private Limited. The deal involves Shell Deutschland GmbH and Shell Overseas Investments B.V. acquiring 100 per cent equity in Raj Petro, aiming to enhance operational efficiency and improve customer offerings.

With this acquisition, Shell Group is strengthening its footprint in India’s petrochemicals and lubricants market. 

Shell is a global energy and petrochemicals powerhouse that operates in oil and gas exploration, production, refining, and marketing, with a growing focus on renewable energy. 

The acquisition of Raj Petro aligns with its strategic push into high-performance petrochemicals and lubricants, catering to India’s expanding industrial and automotive sectors.

Raj Petro Specialities, known for its expertise in hydrocarbon chemistry, produces advanced petro-speciality products derived from refined crude feedstocks. With this acquisition, Shell is expected to leverage its global capabilities to strengthen its offerings in India’s evolving lubricants and chemicals market.

This deal underscores Shell’s commitment to India, a critical market for its global operations. As the nation’s demand for industrial lubricants and specialty chemicals rises, the acquisition is poised to give Shell a competitive edge against both domestic and international rivals.

The financial details of the transaction remain undisclosed, and a detailed order from the CCI is being awaited. However, analysts believe the move is part of Shell’s broader strategy to diversify its portfolio amid a global energy transition. With regulatory approval secured, all eyes are now on how Shell integrates Raj Petro into its operations and what strategic synergies emerge from the deal, economy watchers said.