New Delhi: Bharat Heavy Electricals Ltd (BHEL) and a unit of GE have signed a 10-year licensing pact to manufacture oil and gas compressors. GE's range of centrifugal compressors will be manufactured under license at BHEL's production site in Hyderabad, for sale in India and South Asia, GE said in a statement. It did not disclose financial details of the transaction.
The agreement for the compressor units was signed through GE Oil & Gas' Italian entity Nuovo Pignone. The units are vital to infrastructure development projects, including oil and gas production and transportation, refinery and petrochemical industry applications, and fuel gas boosting.
The technical scope of the licensing agreement provides for the licensing of GE's advanced range of centrifugal compressors, specifically several models of horizontally- and vertically-split, pipeline and integrally gear compressors.
Based on a previous licensing agreement in place with GE Energy since 1986, BHEL is already successfully partnering on the manufacture and sale of GE gas turbines for power and water applications. Wednesday's agreement also builds on a successful licensing arrangement for similar units held between Nuovo Pignone and BHEL from 1971 to 1992, the statement said.
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