TIL Limited Approves Majority Stake Acquisition in Tulip Compression

TIL Limited has taken a strategic step into the clean energy manufacturing sector with its board approving the acquisition of a 60% stake in Tulip Compression Private Limited (TCPL). The acquisition, subject to shareholder and regulatory approvals, gives TIL the option to increase its stake to 74%. TCPL is a fast-growing clean energy solutions provider with expertise in LNG, CNG, and hydrogen equipment packaging and assembly.

Strategic Synergies and Backward Integration

The acquisition strengthens TIL’s product portfolio by providing access to LNG and hydrogen powerpacks for material handling equipment, as well as specialised manufacturing of cryogenic LNG storage tanks, oil and gas process vessels, and skids. TCPL’s business gains a competitive edge through backward integration with TIL’s in-house manufacturing capabilities and infrastructure, creating a powerful synergy for accelerated growth.

Expanding Manufacturing and Engineering Capabilities

TIL brings more than eight decades of core manufacturing expertise and operates two certified facilities in Eastern India—a mobile crane manufacturing unit in Kamarhati, Kolkata, and a 150-acre integrated facility in Kharagpur. Integrating TCPL enables in-house production of high-end fabrication assemblies that previously required external sourcing. This ensures timely availability and quality of critical components, giving both companies decisive advantages in a competitive market.

Leadership Statements on Acquisition

Sunil Kumar Chaturvedi, Chairman & Managing Director of TIL, said, “Tulip’s acquisition is a force multiplier in TIL 2.0, widening our product range and strengthening our presence in oil and gas and transportation sectors. This will accelerate our efforts to decarbonise our current and upcoming products and open new energy markets in India and beyond.”

Alok Kumar Tripathi, President & Whole Time Director of TIL, added, “TCPL’s acquisition allows us to diversify our engineering portfolio into LNG and hydrogen powerpacks, cryogenic storage, and advanced oil and gas solutions. Backward integration will give us greater control over the value chain, unlocking synergies and accelerating growth.”

TCPL’s Perspective

Raj Kumar Sachdeva, Director of TCPL, highlighted that TIL’s heavy engineering expertise and infrastructure would transform TCPL’s product development roadmap. “This integration empowers us to control the entire value chain, enabling faster development cycles and superior quality. We are now uniquely positioned to lead in hydrogen compression systems and LNG solutions, establishing ourselves as India’s leading clean energy solutions provider.”

Driving Growth in Clean Energy

The acquisition positions TIL and TCPL as a combined force in India’s clean energy sector, creating a comprehensive manufacturing and engineering ecosystem for LNG, hydrogen, and cryogenic solutions. The integration is expected to accelerate market expansion, enhance competitiveness, and drive innovation across both companies.