Triveni Engineering & Industries (NSE:TRIVENI, BOM:532356) signed a memorandum of understanding with Rolls-Royce Marine North America to collaborate on programs for 4MW marine gas turbine generators (GTG) in India, according to a Thursday filing to the Indian bourses.
The two companies will collaborate on designing, developing, and manufacturing the marine GTGs, as well as on sales and support activities.
Shares of the company were up over 2% in recent trade.
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