Vontier unit secures $15M tender with Indian Oil Corporation

Vontier (VNT) announced that Gilbarco Veeder-Root, a Vontier business, has secured a second significant tender with Indian Oil Corporation since September. The latest tender with IOCL is for $15M for Veeder-Root branded Red Jacket submersible turbine pumps, used in fuel tanks to pump fuel quickly, efciently 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.