New Launch9 Jun 2025, 04:45 pm
TIL Limited Announces Dedicated Defence SBU to Boost Indigenous Military Equipment Manufacturing
AI Summary
TIL Limited, a leading material handling and infrastructure equipment manufacturer, has announced the formation of a dedicated Strategic Business Unit (SBU) called TIL Defence. This move is aimed at consolidating TIL's expanding defence portfolio and accelerating the production of critical military systems. The new SBU will leverage nearly four decades of specialised defence manufacturing expertise and has an ambitious multi-year plan to expand its capabilities.
Key Highlights
- Dedicated SBU called TIL Defence established to consolidate expanding defence portfolio
- Plan to expand capabilities through production of existing approved designs, strategic collaborations, and modernisation of critical platforms
- Objective is to reduce import dependency and establish India as a credible supplier of indigenous defence systems
- TIL Defence brings comprehensive lifecycle support and focuses on productionising already approved systems
- Strategic initiative coincides with TIL's remarkable financial transformation and return to profitability