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016017Gearing up for <strong>the</strong> next level throughExpanding CompetenciesTIL HAS ALWAYS BEEN AT THE FOREFRONTNext LevelOF THE TECHNOLOGY REVOLUTION IN ITSDOMAIN, GIVEN ITS ROLE OF INTRODUCINGTHE MOST CONTEMPORARY TECHNOLOGIESTO INDIA THROUGH OUR GLOBAL PARTNERS.IN LINE WITH THE PHILOSOPHY, WE BELIEVETHAT TO CATAPULT OURSELVES IN THE NEXTLEVEL, IT WILL BE IMPORTANT TO CONTINUEINITIATING GLOBAL BEST PRACTICES, BRINGIN NEW PRODUCT LINES AND INCREASECAPACITIES.Capacity ExpansionTIL has not relented in its capitalexpenditure commitments to create newerfacilities for its operations that representnext-generation plants. TIL is investingin a 5-star Component Rebuild Centre atAsansol, as per <strong>the</strong> Caterpillar standardsas well as in a Greenfield manufacturingfacility for Material Handling Solutionsdivision. These expansion plans willsignificantly augment TIL’s product portfolioand meet <strong>the</strong> future needs of <strong>the</strong> market.Increasing Rental FocusRentals and Used Equipment are animportant line of business for TIL,especially in times of constrained liquidity.TIL already has 6 Rental Stores and issteadily increasing focus in this segmentof our business through o<strong>the</strong>r branchoutlets. Access to quality equipment onRental eliminates capital investments,risk of equipment idling, <strong>the</strong> need forcumbersome maintenance, as wellas inventory management. TIL Rentalstores are a perfect “One Stop Shop” forConstruction Equipment & Power Systems.Collaboration with NACCO IndustriesInc – USA for Hyster range of BigForklift TrucksOur strategic tie up with NACCO is asignificant step for <strong>the</strong> Company towardsenhancing business prospects of <strong>the</strong>Material Handling Solutions division. Under<strong>the</strong> partnership TIL will offer Big ForkliftTrucks, Container Handlers and ReachStackers <strong>the</strong>reby increasing our productline and reaching new customers. TheTIL - NACCO partnership bringstoge<strong>the</strong>r two leading companies withcomplementary strategic visions andproduct technologies fur<strong>the</strong>r reinforced byTIL’s commitment to provide total solutionsto its customers.Strategic tie up with Astec IncThe strategic tie-up with Astec addsano<strong>the</strong>r important dimension to TIL’sportfolio with a range of Crushers andScreens for mining and constructionindustry, as well as Hot Mix Asphaltplants for road building industry. Thenew indigenisation process under<strong>the</strong> technology transfer and licensingagreement from Astec for manufacturinga range of Double Barrel Hot Mix plantswill enhance our cost competitivenessand ensure faster delivery and better valueproposition for <strong>the</strong> customers.With <strong>the</strong>se initiatives TIL once againdemonstrates its commitment to continueserving <strong>the</strong> Indian Infrastructure Industry.It has done so through <strong>the</strong> most advancedtechnologies as well as a more efficientmanufacturing and service deliveryplatform, representing <strong>the</strong> next level ofgrowth trajectory for both TIL and India.

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