India

Main Business Activities

• Upstream and Integrated Gas
• New Energies [A]
• Downstream
• Trading and Supply
• Other support activities
  
  

Shell has been present in India for almost 28 years, mostly in downstream activities through Shell India Markets Private Limited. In 2008, Shell started its business operations and Projects & Technology activities. In 2019, Hazira Port Private Limited and Shell Energy India Private Limited (formerly known as Hazira LNG Private Limited) became 100% Shell-owned with integrated gas and trading and supply activities. Shell in India has an interest in companies operating in downstream, solar power, electric vehicle charging and biofuels.

In 2019, Shell ended its 25-year production-sharing contract between BG Exploration and Production India Limited (BGEPIL) and the government of India. BGEPIL is carrying out decommissioning activities.

Country Financial Analysis

The statutory corporate income tax rate for domestic entities in India is between 25% and 30%, depending on the type of business activity, profits and whether tax exemptions and deductions offered by India are claimed. The effective tax rate for foreign entities, such as BGEPIL, is 43.68%.

Tax paid during the year relates to profits arising from business activities, including services rendered through Shell Business Operations and Projects & Technology.

Shell claims tax exemption for its Shell Business Operations relating to information technology activities as they are located in a special economic zone. For more information, refer to the case study on incentives for investment in economic development in India.

Our Payments to Governments Report for 2020 shows that Shell paid around $4.13 million in production entitlements and royalties.

[A] New Energies was rebranded to Renewables and Energy Solutions in 2021.