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Stock impact report

Gilbarco Veeder-Root, a Vontier Company, Secures Back-to-Back Large India Tenders [Yahoo! Finance]

Vontier Corporation (VNT) 
Company Research Source: Yahoo! Finance
RALEIGH, N.C., September 10, 2024 BUSINESS WIRE 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 company and the worldwide technology leader for retail and commercial fueling operations, has secured a second significant tender with Indian companies since August. The latest tender is from Indian Oil Corporation Limited (IOCL), where GVR has secured a large position for retail fuel dispensers for a total of $17 million in equipment and $10 million in services support. Product delivery will begin soon across IOCL's retail sites throughout India and will continue over the next twelve months; services will continue for eight years. The news follows Vontier and Gilbarco Veeder-Root's announcement of a $59 million tender with India's Hindustan Petroleum Corporation Limited (HPCL) last month. "We are excited to partner with IOCL Show less Read more
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