India's TIL gains after dedicated defence strategic business unit
** Shares of TIL Ltd TILL.NS rise 5% to exchange-allowed maximum of 382.05 rupees ** Material handling equipment maker announces dedicated defence strategic business unit 'TIL Defence' to consolidate its defence portfolio and production of critical military systems ** Trading vols at 93,133 shares, 1.6x the 30-day average ** TIL up ~30% YTD (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;))