Nexxus Petro Bio-Bitumen License Amid Import Surge

Nexxus Petro disclosed its CSIR-certified license for KrishiBind™ bio-bitumen technology via a Regulation 30 press release.
India imports 54% of its 11M tonne annual bitumen demand, with prices surging 40% to ₹54,000–76,000/tonne due to West Asia conflict.
Union Minister Gadkari stated bio-bitumen blends could eliminate imports, aligning with PM Gati Shakti infrastructure push.
Company positions itself among 15 licensed producers to supply road contractors amid government-driven adoption of domestic alternatives.