Vontier Corporation announced that its business, Gilbarco Veeder-Root (GVR), secured a second significant tender with Indian Oil Corporation (IOCL) for $15 million. This tender is for Veeder-Root branded Red Jacket submersible turbine pumps, which are used to pump fuel efficiently and safely from tanks.
Product delivery for this tender will commence soon across IOCL's retail sites throughout India and will continue over the next 12 months. This follows a previous tender announcement in September for the supply of retail fuel dispensers and services to IOCL.
This contract reinforces GVR's long-standing presence in India since 1955 and its commitment to providing comprehensive solutions for retail fueling operations. The continued partnership with IOCL, a leading force in the global energy sector, highlights Vontier's strategic market position.
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