Nexxus Petro Industries Positioned to Lead Bio-Bitumen Market Amid India's Infrastructure Push
Nexxus Petro Industries Limited is positioned to capitalize on a major structural transformation within India's road infrastructure sector. The company holds a certified, government-backed technology license for proprietary bio-bitumen, KrishiBind™, amidst rising international bitumen prices and a national focus on reducing import dependence.The company noted that global bitumen prices have surged nearly 40% due to ongoing West Asia conflicts, leading to domestic price increases from approximately ₹40,000 per tonne to ₹54,000-₹76,000 per tonne.
Addressing India's Bitumen Import Dependency
India currently relies heavily on imported bitumen, importing an estimated 54% of its total requirement. Out of an annual national demand of 11 million tonnes, India requires nearly 6 million tonnes of bitumen. As a key input derived from crude oil, bitumen is highly sensitive to global energy price volatility.During an address at the All India Management Association's (AIMA) leadership conclave, Union Minister for Road Transport & Highways, Shri Nitin Gadkari, emphasized the need to explore domestic alternatives. Minister Gadkari outlined a strategic blend that could eliminate India's dependence on imported bitumen:
| Component | Source | Percentage in Blend |
|---|---|---|
| Bio-bitumen | Agricultural waste | 30% |
| Rubber powder | End-of-life tyres | 16% |
| Waste plastic | Waste plastic | 7% |
Strategic Advantage of Bio-Bitumen
Nexxus Petro Industries Limited holds the CSIR-CRRI and CSIR-IIP certified license for manufacturing KrishiBind™—a bio-binder derived from agricultural biomass. This places the company in an exclusive group, as it is among only 15 companies nationwide granted this technology license.The company's strategic position is reinforced by several market factors:
- Government policy is actively driving the adoption of bio-bitumen alternatives.
- Surging bitumen import costs are exerting pressure on infrastructure project economics.
- The long-term demand remains robust due to accelerating road construction programs under the PM Gati Shakti and Bharatmala initiatives.
- Sustainability and ESG mandates are encouraging the procurement of bio-based, waste-derived alternatives.
With this government-certified patent license, Nexxus Petro is poised to supply KrishiBind™ to road construction agencies, state highway authorities, and contractors, directly meeting the growing demand for domestically produced, import-substitute bitumen.
Nexxus Petro Industries Limited is a Gujarat-based company listed on the BSE-SME platform. The company is engaged in the manufacture, processing, importing, and distribution of high-quality Bitumen, Bitumen Emulsions, and Special Bituminous Allied Products. It serves infrastructure contractors, road authorities, and government agencies across India using state-of-the-art, fully automated processing facilities equipped with NABL-accredited laboratories.
Stock Price Movement
Nexxus Petro Industries Ltd shares closed Monday at ₹92.00, sinking 14.02% for the day. The stock explored a significant intraday range, tracing movements between ₹92.00 and ₹107.00.Source:
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