Acquisitions16 Feb 2026, 04:41 pm
TIL Ltd to Acquire Majority Stake in Tulip Compression, Marking Entry into Clean Energy Manufacturing Ecosystem
AI Summary
TIL Limited, a leading Indian manufacturer of material handling and infrastructure equipment, has approved the acquisition of 60% stake in Tulip Compression Private Limited (TCPL). The strategic investment will give TIL access to LNG and Hydrogen powerpacks for its material handling equipment, as well as specialised manufacturing of large-scale cryogenic LNG storage tanks, oil and gas process vessels, and skids. The acquisition will also enable TCPL to internalise production of high-end, technology-driven fabrication assemblies, providing decisive advantages in an intensifying competitive landscape.
Key Highlights
- TIL Limited to acquire 60% stake in Tulip Compression Private Limited (TCPL)
- Strategic investment strengthens TIL’s product portfolio with access to LNG and Hydrogen powerpacks
- TCPL to gain competitive edge via backward integration with TIL’s in-house manufacturing capabilities and infrastructure
- Integration enables TCPL to control timely availability and quality of key components
- Acquisition aligns with TIL’s goal of offering complete engineering solutions and expanding into LNG and Hydrogen powerpacks, cryogenic storage, and advanced oil and gas solutions