Dispensers and pumps to be delivered over 18 months
Hindustan Petroleum Corporation Ltd (HPCL) has awarded US$59 million worth of contracts to Gilbarco Veeder-Root, a company from the Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem from Raleigh, North Carolina.
The tenders include US$39 million for above-ground dispensers combined with eight years of service support, and US$20 million for underground submersible turbine pumps, to be delivered across HPCL’s retail outlets throughout India over the next 18 months globaltenders , Vontier said on 22 Aug.
“We are proud to partner with HPCL to support India’s strong growth and its ambitious infrastructure, modernization and decarbonization goals,” said Viswanath Devarajan, Managing Director, Gilbarco Veeder-Root India bse . “These projects are also a perfect example of India’s multi-energy future, as they include our latest technologies supporting biofuels to meet India’s strong decarbonization goals. Together, we are shaping a new sustainable energy landscape for India conexpoconagg .”
Under the agreement, Gilbarco Veeder-Root will provide critical products and services to support India’s growing road network and infrastructure, which has expanded by nearly 60% in only nine years sbi . The country’s 2030 decarbonization goal and COP26 commitments include decarbonizing energy to 50% and achieving 500 GW of fossil fuel-free generating capacity by 2030 nse .
Gilbarco Veeder-Root has been present in India since 1955, and the company has been a preferred supplier of HPCL for more than 50 years. The company’s main manufacturing facility in Coimbatore produces retail and commercial fueling solutions for India and the world. Invenco by GVR, another Vontier company, also recently opened a software development center in Bengaluru for the company’s growing global and India software needs, further demonstrating its commitment and long-term investments in India.
HPCL, formed in 1974, has been at the forefront of innovation and sustainability, making a significant impact on society and the environment. Fiinews.com
