Triveni Engineering & Industries Press Release

Triveni Engineering & Industries Ltd has announced that General Electric Company's (GE) Oil & Gas business has signed an agreement with the Company to enter the fast growing High Speed Reciprocating (HSR) Compressor Market in India.

GE's agreement with the Company will consist of an initial term of five years and will involve the import of bare (Flange-to-Flange) compressors from GE Oil & Gas Oshkosh, Wisconsin, USA facility. The Company will do the engineering design, manufacturing and assembly of the package. It will also procure drivers and the rest of the components for packaging in India. The Company will be the customer point of contact in India for both selling of the packaged product and the after market sales and service.

GE's world-renowned compressors, formerly known by their popular Gemini brand name, are used across the Oil & Gas sector. Common applications for these compressors are for wellhead gas gathering, vapor recovery, gas re-injection, gas lift, pipeline gas transmission, gas storage and fuel gas boosting.

Commenting on the strategic partnership with GE, Mr. Dhruv M Sawhney, Chairman and Managing Director said "Triveni's world class manufacturing facility at Bangalore has got further credence through this strategic partnership. GE technology and quality at Indian prices would be the key deliverable from this relationship. We see a buoyant oil and gas market in India in the coming years and we are certain that Triveni with GE association will make a mark in this market by providing the world's best technology to the Indian customer. The market for HSRs should be about 5 billion rupees per annum and in line with our market leadership in all our existing product lines, we aim to be the leader in this product segment as well."

The Company's Bangalore facility which manufactures precision engineering products like Steam turbine had undergone significant expansion and modernization with the installation of state of the art equipments and software to produce world-class products backed up by a strong nation-wide service network and is one of the best in the world. The Company's entry into Oil & Gas segment with GE is the result of the building of a world-class engineering facility matching with the requirements of meeting the quality and technology norms akin to GE.

GE's High Speed Reciprocating Compressors are known for their flexibility and reliability. GE offers a full line of high speed reciprocating compressors, ranging from 30 HP (22KW) to 9000 HP (6.7MW) with a variety of piston rod load capacities and frame stroke combinations. Over 10,000 of GE's HSR compressors can be found around the globe, working in gas boosting, gathering, lifting, fueling and injection applications - operating 24 hours a day, seven days a week.