TCG blends oil, tech solutions
The Chatterjee Group controlled Lummus Technology and TCG Digital are coming together to harness emerging digital transformation opportunities in the oil and gas sector.
The firms have floated a joint venture — Lummus Digital — which will work with existing and potential customers of the two companies based in India, the United States, West Asia and Europe.
TCG had acquired Lummus in partnership with private equity firm Rhone Capital for $2.725 billion in June.
This marks one of the early initiatives of TCG to sweat the vast knowledge base and proprietary technologies of the 110-year old Lummus in a world upended by the pandemic.
