TIL Limited has informed the Exchange regarding a press release dated Jun 09, 2025, titled "Press Release of TIL Limited".
TIL · price
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TIL Limited has announced the creation of a dedicated Strategic Business Unit (SBU) called 'TIL Defence' to consolidate and grow its defence equipment business. The Board has approved a multi-year expansion plan targeting Land, Air, and Naval Systems for India's tri-services, with an order booking prospect of ₹2,000 crores over the next 5 years from domestic defence orders. TIL has been manufacturing defence equipment since 1987, including AKASH Transporter cum Loader Vehicles and Pinaka Loader cum Replenishment Vehicles. The company reported FY25 revenue of ₹343.1 crores, a 398% year-on-year growth, and returned to profitability after six years under Gainwell Group ownership (acquired January 2024). The move aligns with the government's Atmanirbhar Bharat and Make in India initiatives, and TIL also aims to export India-made defence equipment to international markets.
This is a positive strategic development for shareholders, signaling TIL's serious commitment to the high-growth defence sector. The ₹2,000 crore order book prospect over 5 years and strong 398% revenue growth in FY25 suggest improving business momentum, though execution of the defence expansion plan will be key to sustaining the turnaround.