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Gainwell Commosales: Gainwell Commosales to acquire TIL Limited, invest Rs 1000 crore for expansion

Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, and heavy equipment sectors, plans to invest Rs 1,000 crore over the next three years with an aim to become a $1-billion company by 2028, a senior company executive said.
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TIL Ltd plans an ambitious Growth Path with a Strategic Investment

TIL Limited, at its Board Meeting held on 26th November 2022 has decided to increase the authorized capital to infuse funds into the business of the Company, by bringing in a strategic investor, subject to shareholder and other requisite approvals.
Sumit Mazumder Sunil Kumar Chaturvedi Gainwell Group Indocrest Defence Solutions Private Til Ltd Indocrest Defence Solutions Pvt Ltd

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