Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, announced today that Gilbarco Veeder-Root (GVR), a Vontier business and the worldwide technology leader for retail and commercial fueling operations, has secured a second significant tender with Indian Oil Corporation (IOCL) since September. The latest tender with IOCL is for $15 million for Veeder-Root branded Red Jacket® submersible turbine pumps, used in fuel tanks to pump fuel quickly, ef?ciently and safely.
Product delivery will begin soon across IOCL’s retail sites throughout India and will continue over the next 12 months. The news follows Vontier and GVR’s September announcement of a tender with IOCL for the supply of retail fuel dispensers and services.
"We are excited to partner with IOCL to help provide a complete set of solutions for their retail outlets,” said Viswanath Devarajan, Managing Director at Gilbarco Veeder-Root India.
Gilbarco Veeder-Root has been present in India since 1955. 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.
