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TIL Board Approves Acquisition of Majority Stake at Tulip Compression, Enters Clean Energy Sector

TIL Ltd. has approved the acquisition of a 60 percent stake in Tulip Compression from Gainwell Commosales, enabling end-to-end manufacturing of CNG, LNG and hydrogen fuel equipment and adding clean energy products to its portfolio.

February 19, 2026. By Mrinmoy Dey

Kolkata-based material handling and infrastructure equipment manufacturer TIL Ltd. has announced its foray into the clean energy manufacturing ecosystem with its board approving the acquisition of 60 percent stake in Tulip Compression (TCPL).

TIL will acquire TCPL from its affiliate, Gainwell Commosales (GCPL), with the option to increase its stake to 74 percent. 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, the company stated.

It further added that TCPL's CNG, LNG and Hydrogen equipment packaging and assembly business will also gain 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 catalysing TCPL's ambitious growth plans, the company stated.

Tags:

TIL to acquire Tulip Compression

LNG equipment packaging and assembly

Hydrogen equipment assembly

Clean energy equipment manufacturing