INDIA BUSINESS WORLD - OCTOBER 21^st - NOVEMBER 15^th - 2007

TRIVENI TIES UP WITH GE FOR HIGH-SPEED COMPRESSORS USED IN OIL & GAS SECTOR

Triveni Engineering has struck a strategic alliance with General Electric(GE) to enter the domestic market for highspeed compressors which are used in the oil & gas sector. Triveni is targeting to capture 25-30% share of the projected domestic market of Rs 500 crore by 2010. As per the deal, which initially runs for five years, Triveni will import bare compressors from GE Oil & Gas sourced from its US-based facility. It would then get engaged in engineering design, manufacturing and assembly of the package. Thereafter it would be handling the sales of the packaged product apart from after sales service.