GE Signs Licensing Agreement for Oil and Gas Compressors with BHEL of India

Further expanding its technology presence in India and the region, GE (NYSE: GE) has signed a 10-year licensing agreement with Bharat Heavy Electricals Limited (BHEL) of India.

According to the agreement, signed through GE Oil & Gas’ Italian entity Nuovo Pignone, GE’s advanced range of high performance, high efficiency centrifugal compressors will be manufactured under license at BHEL’s production site in Hyderabad, India, for sale in India and in other South Asian territories.

John Flannery, president and CEO, GE India said: "This agreement builds on our strategy of bringing world-class technology to the Indian marketplace. It strengthens GE’s ‘company to country’ approach by creating growth opportunities and developing local skills and expertise. BHEL is an excellent partner for us, consistent with GE’s high standards in performance engineering and customer service."

Mr. B.P. Rao, chairman & managing director, BHEL said: "This licensing agreement is an endorsement of our existing partnership with GE and of BHEL’s own world-class engineering capabilities. I’m confident that together we can support customers in India, with the outstanding compression technology that is synonymous with GE Oil & Gas and which these markets require for continued industrial growth.”

GE’s compressor 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 already is successfully partnering on the manufacturing and sale of GE gas turbines for Power and Water applications. Today’s agreement also builds on a successful licensing arrangement for similar units held between Nuovo Pignone and BHEL from 1971 to 1992.

About BHEL

BHEL (BSE: 500103l; NSE: BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector today. BHEL was established more than 40 years ago, ushering in the indigenous heavy electrical equipment industry in India—a dream that has been more than realized with a well-recognized track record of performance More at: www.bhel.com.

About GE Oil & Gas

GE Oil & Gas (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. We also provide pipeline integrity solutions, including inspection and data management. As part of our 'Innovation Now' customer focus and commitment, GE Oil & Gas leverages technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 100 countries.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at www.ge.com.

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