Vontier’s Gilbarco Veeder-Root Secures Back-to-Back Large India Tenders With India Oil Corporation
Vontier Corporation (VNT)
Company Research
Source: Business Wire
$15 million tender secured for Submersible Turbine Pumps to support Indian Oil Corporation Ltd. (IOCL) growth goals RALEIGH, N.C.--(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 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 w
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