TIL Limited has approved the acquisition of a 60 percent stake in Tulip Compression Private Limited (TCPL), marking its entry into the clean energy manufacturing segment. The board cleared the transaction on 16 February 2026, subject to shareholder and regulatory approvals.
The company will acquire the stake in TCPL from Gainwell Commosales Private Limited, with an option to increase its holding to 74 percent. The acquisition is intended to expand TIL’s portfolio to include compressed natural gas (CNG), liquefied natural gas (LNG), and hydrogen fuel equipment, as well as cryogenic LNG storage tanks, oil and gas process vessels, and skids.
TIL stated that the transaction will provide access to LNG and hydrogen powerpacks for its material handling equipment. It added that TCPL’s CNG, LNG and hydrogen equipment packaging and assembly business will benefit from backward integration with TIL’s in-house manufacturing infrastructure, enabling internalisation of fabrication assemblies that were previously externally sourced.
TIL operates two certified manufacturing facilities in Eastern India, including a mobile crane manufacturing facility in Kamarhati, Kolkata, and a 150-acre integrated facility in Kharagpur. The integration is expected to support control over component availability and quality as TCPL scales operations.
“Tulip’s acquisition is a force multiplier in TIL 2.0 as it widens our product range and strengthens our presence across oil and gas and transportation sectors. This will accelerate our endeavour to decarbonise TIL’s current and upcoming products. Tulip unfolds new energy and cryogenic product markets for TIL in India and beyond. The two companies have tremendous synergies that would multiply growth. We are happy to welcome Tulip into our fold,” said Sunil Kumar Chaturvedi, Chairman & Managing Director, TIL Limited.
“We are happy that with TCPL’s acquisition, we are diversifying our product portfolio in line with our goal of offering complete engineering solutions. We will expand our portfolio into LNG and Hydrogen powerpacks, cryogenic storage, and advanced oil and gas solutions, while strengthening backward integration, leading to larger control of the value chain. This assimilation will unlock powerful synergies that accelerate growth, enhance competitiveness, and advance our entry into new energy markets in India and beyond,” said Alok Kumar Tripathi, President & Whole Time Director, TIL Limited.
Headquartered in Delhi, TCPL operates two manufacturing facilities in Greater Noida. The company has delivered more than 600 online CNG compressors to India’s City Gas Distribution industry and aims to produce more than 200 compressor packages annually to meet demand linked to the minimum work programme of the Petroleum and Natural Gas Regulatory Board.
Established in 1944, TIL Limited is a manufacturer of material handling and infrastructure equipment headquartered in Kolkata, serving sectors including material handling, construction, mining, oil and petrochemicals, steel, railways and airports, power, pharmaceuticals and defence.