TIL, Caterpillar Financial tieup

Written by Corporate Bureau | Kolkata, Oct 30 | Updated: Oct 31 2007, 07:51am hrs
Kolkata-based earth moving equipment maker TIL Ltd has tied up with Caterpillar Financial Services Asia Pte Ltd, the financing arm of Fortune 500 Caterpillar Inc, the world's largest manufacturer of construction and mining equipment, to provide financing solutions to equipment buyers in India.

Headquartered in Singapore, Caterpillar Financial has been providing convenient one-stop shopping facilities, a variety of financial plans & competitive rates and flexible payment schedules.

TIL provides technology-intensive and application-specific heavy engineering equipment for use in core infrastructure sectors and distributes Capterpillar's equipment in India.

The company has decided to venture into manufacturing of material handling, construction and mining equipment with an estimated investment of Rs 175 crore.