TIL will acquire TCPL from its affiliate, Gainwell Commosales Pvt Ltd (GCPL), with the option to increase its stake to 74 per cent. This strategic and symbiotic investment strengthens TIL’s product portfolio by giving it 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. At the same time, TCPL’s CNG, LNG and Hydrogen equipment packaging and assembly business gains a competitive edge via backward integration with TIL’s in-house manufacturing capabilities and infrastructure, creating a powerful synergy that accelerates growth for both companies.
TIL brings more than eight decades of core manufacturing expertise in innovative engineering solutions, operating two certified factories in Eastern India—a state-of-the-art mobile crane manufacturing facility in Kamarhati, Kolkata, and an expansive 150-acre integrated facility in Kharagpur. Beyond component manufacturing, the integration enables TCPL to internalise production of high-end, technology-driven fabrication assemblies that previously required external sourcing. This control over timely availability and quality of key components provides decisive advantages in an intensifying competitive landscape while catalyzing TCPL’s ambitious growth plans.
Sunil Kumar Chaturvedi, Chairman & Managing Director, TIL Ltd, said, “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.”
Further, Alok Kumar Tripathi, President & Whole Time Director, TIL Ltd, added, “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.”
Raj Kumar Sachdeva, Director, TCPL, also added, “TIL’s eight decades of heavy engineering excellence and precision manufacturing infrastructure will be transformative for our product development roadmap. This integration empowers us to control our entire value chain, enabling faster product development cycles and superior quality. As India accelerates its transition to clean energy, we are now uniquely positioned to lead in hydrogen compression systems and LNG solutions. Together, we will establish ourselves as India’s leading end-to-end clean energy solutions provider, delivering cutting-edge technology backed by proven reliability and energy efficiency.”
Headquartered in Delhi, TCPL has two state-of-the-art manufacturing facilities in Greater Noida and has built a formidable presence across India. The company’s recent innovations include the Composite CNG Dispensing Unit (CCDU), hydrogen compression systems, and the Freespin® Inline Turboexpander (FIT) for clean energy recovery—developed in partnership with Sapphire Technologies, USA. The company has already crossed the landmark of delivering 600+ Online CNG compressors to India’s rapidly growing City Gas Distribution (CGD) industry, earning its position as a trusted partner to all major CGD entities in both the public and private sectors. Given the robust demand for CNG equipment needed to meet the minimum work program of PNGRB (Petroleum and Natural Gas Regulatory Board), the brand aims to henceforth produce 200+ compressor packages annually.