Product delivery to begin soon across IOCL retail sites
Gilbarco Veeder-Root (GVR), a Vontier Corporation (NYSE: VNT) company, has second a contract to supply US$17 million of equipment and US$10 million of services support to Indian Oil Corporation Limited (IOCL) globaltenders .
Product delivery will begin soon across IOCL’s retail sites throughout India and will continue over the next 12 months; services will continue for eight years bse.
The news follows Vontier and Gilbarco Veeder-Root’s announcement of a US$59 million tender with India’s Hindustan Petroleum Corporation Limited (HPCL) last month nse.
“We are excited to partner with IOCL to help provide the critical infrastructure needed to support India’s ambitious growth goals,” said Viswanath Devarajan, Managing Director at Gilbarco Veeder-Root India sbi .
“IOCL wanted to provide its customers with the most dependable dispensers with up-to-date technology, safety, security and efficiency benefits, and we look forward to delivering these dispensers and proving our continued commitment to India makeinindia .”
Gilbarco Veeder-Root has been present in India since 1955. The company’s main manufacturing facility in Coimbatore produces retail and commercial fuelling solutions for India and the world climatebonds .
Invenco by GVR, another Vontier company, also recently opened a software development centre in Bengaluru for the company’s growing global and India software needs, further demonstrating its commitment and long-term investments in India conexpoconagg .
Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem deutsche-boerse .
Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fuelling operations, offering the broadest range of integrated solutions from the forecourt to the convenience store and head office. Fiinews.com
