MoneyWorks4Me

L&T’s arm inks MoU with GE for manufacturing subsea equipment

11 Aug 2016 Evaluate

Larsen & Toubro’s (L&T) - wholly owned subsidiary - L&T Hydrocarbon Engineering, has inked a Memorandum of Understanding with GE, for manufacturing subsea manifolds for deep water projects in the Krishna-Godavari basin. With this MoU, India has entered into manufacturing of subsea equipment - contributing to the country’s ‘Make in India’ initiative.

The manufacturing will take place at L&T’s modular fabrication unit in Tamil Nadu and will have an annual capacity of 50,000 tonnes.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.



Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
View more..