New owner for Indian crane maker TIL

Alex Dahm Editor, International Cranes and Specialized Transport

28 November 2022

Indian crane and materials handling equipment manufacturer TIL plans to bring in a strategic investor to take control of the company.

Under the plan Indocrest Defence Solutions Private Limited, part of Gainwell Group, will make the investment in TIL. Indocrest, headed by Sunil Kumar Chaturvedi, is a defence contractor. Around…

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