GE and L&T Ink Subsea Equipment MoU
- Business & Finance
GE has signed an exclusive memorandum of understanding (MoU) with L&T Hydrocarbon Engineering to manufacture subsea manifolds destined for future deep water projects in the Krishna-Godavari basin on the east coast of India.
L&T’s 600,000 sq.m. modular fabrication facility in Tamil Nadu was chosen as the production site to manufacture hardware for the seabed.
Ashish Bhandari, CEO, GE Oil & Gas, South Asia, said: “GE continues to grow its widespread manufacturing footprint in India and this latest collaboration will continue our contributions towards Make in India. Our strategic partnership with L&T has opened new avenues for us to manufacture highly advanced equipment to serve the needs of India’s oil and gas sector as well as the broader, global industry.”
Subramanian Sarma, CEO and MD, L&T Hydrocarbon Engineering, said: “Associating with GE will help L&T to broaden its offering in the deep water space and provide a compelling value proposition to our customers. Projects of such strategic importance and magnitude bring huge responsibility and we are poised to make significant contributions to India’s growth curve going ahead.”
In addition to this MoU, L&T Infotech has also joined the GE Digital Alliance Program, with the organizations collaborating to develop innovative digital industrial solutions powered by GE’s Predix operating system for the Industrial Internet. They will work together to leverage analytics and real-time insights to enhance competitiveness and transform the way companies manage their assets and workforce.