TIL zooms on signing partnership agreement with Snorkel Europe
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TIL is currently trading at Rs. 405.00, up by 14.40 points or 3.69% from its previous closing of Rs. 390.60 on the BSE.
The scrip opened at Rs. 410.10 and has touched a high and low of Rs. 410.10 and Rs. 371.10 respectively. So far 65070 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.10 on 05-Aug-2024 and a 52 week low of Rs. 68.72 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 410.10 and Rs. 308.00 respectively. The current market cap of the company is Rs. 2677.40 crore.
The promoters holding in the company stood at 68.43%, while Institutions and Non-Institutions held 0.87% and 30.70% respectively.
TIL has signed a partnership agreement with Snorkel Europe to become an official Sales and Service partner for Northern and Eastern India, Andaman and Nicobar Islands, Nepal and Bhutan.
As part of this new partnership, Snorkel will provide their extensive product range along with knowledge and support while TIL will leverage its wide network of customers within India, Nepal and Bhutan to provide high-quality aerial work platforms, telehandlers and material lifts. This new partnership will enable TIL to unlock a new category of products and also leverage the wide consumer base it caters to. This will widen TIL’s offerings to customers in India in a variety of sectors.
TIL is one of the leading providers of a wide range of infrastructure equipment representing some of the finest in global technology. The company is engaged in the design, manufacture and marketing of a comprehensive range of material handling, port equipment and crushing & screening solutions for the Indian market, supported by an integrated after-sales support.
