American conglomerate GE has signed a pact with L&T Hydrocarbon Engineering to manufacture subsea equipment for future deep water projects in the Krishna-Godavari basin on the eastern coast of India.
The partnership brings together the manufacturing and technological excellence of two companies in the oil and gas space, and also marks India's entrance into local subsea equipment manufacturing.
Spread over an area of 6,00,000 sq mtr and an annual capacity of 50,000 tonne, L&T's modular fabrication facility in Tamil Nadu will be used for the production.
The plant is equipped with advanced welding and fabrication capabilities along with a 150 mtr jetty, making it an ideal location to manufacture advanced hardware for the seabed.