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TIL Approves 60% Stake Buy in Tulip Compression

TIL Limited has approved the acquisition of a 60 per cent stake in Tulip Compression (TCPL), marking its strategic entry into the clean energy manufacturing ecosystem. The transaction is subject to shareholder and regulatory approvals, with an option to increase the stake to 74 per cent.The acquisition from Gainwell Commosales expands TIL’s portfolio to include LNG and hydrogen powerpacks for material handling equipment, alongside specialised manufacturing of cryogenic LNG storage tanks, oil and gas process vessels and skids.The integration enables TCPL’s CNG, LNG and hydrogen equipment pa..

Naushad Panjwani Appointed Principal Advisor at NCCCL

New Consolidated Construction Company (NCCCL) has appointed Naushad Panjwani as Principal Advisor to its Board, strengthening its leadership as the company prepares for its next phase of growth.Naushad brings over three decades of experience spanning corporate governance, real estate, finance and strategic expansion. He has served as an Independent Director on multiple boards, chaired Audit and Risk Committees, and worked closely with promoters and leadership teams to scale organisations responsibly, enhance governance standards and drive long-term value creation.Earlier, he was associated wit..

Larsen & Toubro To Divest Nabha Power To Torrent Power

Larsen & Toubro Limited, hereafter L&T, has agreed to divest its entire stake in Nabha Power Limited to Torrent Power Limited, with the companies announcing the transaction. The deal will transfer ownership of the thermal power project and associated assets to Torrent Power as part of L&T's portfolio rationalisation. L&T is a US dollar 30 bn Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing and services across multiple geographies. The company attributes its market position to a strong customer-focused approach and sustained quality over ..