For the first time that sub-sea equipments will be manufactured in India. Energy and infrastructure majors, GE and L&T Hydrocarbon Engineering on Wednesday announced signing a pact to manufacture sub-sea equipments that will be used for future deep water projects in India’s Krishna Godavari basin on the east coast.
Commenting on the deal, GE South Asia Chief Executive (Oil and Gas) Ashish Bhandari said that the strategic partnership with L&T has opened new avenues to manufacture highly advanced equipment.
L&T Hydrocarbon Engineering Managing Director and CEO Subramanium Sarma said the partnership will help L&T to broaden its offering in the deep water space.
Alongside, apart from the MoU for sub-sea manifolds, L&T Infotech has also joined the GE Digital Alliance Program. The GE Digital Alliance Program is a partnership where organisations collaborate to develop digital industrial solutions powered by GE’s Predix operating system for the industrial Internet.
L&T Infotech will work with GE to leverage analytics and real-time insights to enhance competitiveness and transform the way companies manage their assets and workforce.
L&T Hydrocarbon Engineering is a wholly-owned subsidiary of L&T. The manufacturing will take place at L&T’s modular fabrication unit in Tamil Nadu (Spread over an area of 600,000 sq metre) and will have an annual capacity of 50,000 tonnes.
“The partnership brings together the manufacturing and technological excellence of two leading companies in the oil and gas space, and also marks India’s entrance into local subsea equipment manufacturing,” GE said.
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