Gilbarco Veeder-Root, a Vontier Company, Secures $59 Million HPCL Tenders
Gilbarco Veeder-Root, a Vontier company (NYSE: VNT), has secured two tenders worth $59 million from Hindustan Petroleum (HPCL) in India. The tenders include $39 million for above-ground dispensers with eight years of service support, and $20 million for underground submersible turbine pumps. These projects will be delivered across HPCL's retail outlets in India over the next 18 months.
The partnership supports India's infrastructure growth, modernization, and decarbonization goals. Gilbarco Veeder-Root's technologies will contribute to India's multi-energy future, including support for biofuels. The company has been present in India since 1955 and has been a preferred supplier for HPCL for over 50 years. This deal aligns with India's ambitious 2030 decarbonization targets and COP26 commitments.
Gilbarco Veeder-Root, un'azienda di Vontier (NYSE: VNT), ha ottenuto due gare d'appalto del valore di 59 milioni di dollari da Hindustan Petroleum (HPCL) in India. Le gare comprendono 39 milioni di dollari per erogatori sopraelevati con otto anni di supporto tecnico e 20 milioni di dollari per pompe sommerse a turbina sotterranee. Questi progetti saranno consegnati attraverso i punti vendita di HPCL in India nei prossimi 18 mesi.
La partnership supporta la crescita delle infrastrutture, la modernizzazione e gli obiettivi di decarbonizzazione dell'India. Le tecnologie di Gilbarco Veeder-Root contribuiranno al futuro multi-energetico dell'India, incluso il supporto ai biocarburanti. L'azienda è presente in India dal 1955 ed è un fornitore privilegiato di HPCL da oltre 50 anni. Questo accordo è in linea con gli ambiziosi obiettivi di decarbonizzazione dell'India per il 2030 e gli impegni presi al COP26.
Gilbarco Veeder-Root, una empresa de Vontier (NYSE: VNT), ha asegurado dos contratos por valor de 59 millones de dólares con Hindustan Petroleum (HPCL) en India. Los contratos incluyen 39 millones de dólares para dispensadores a nivel de superficie con ocho años de soporte técnico, y 20 millones de dólares para bombas sumergibles de turbina subterráneas. Estos proyectos se entregarán en las estaciones de servicio de HPCL en India durante los próximos 18 meses.
La asociación apoya el crecimiento de la infraestructura, la modernización y los objetivos de descarbonización de la India. Las tecnologías de Gilbarco Veeder-Root contribuirán al futuro multi-energético de la India, incluyendo el apoyo a biocombustibles. La empresa ha estado presente en India desde 1955 y ha sido un proveedor preferido de HPCL durante más de 50 años. Este acuerdo se alinea con los ambiciosos objetivos de descarbonización de la India para 2030 y los compromisos adquiridos en el COP26.
길바르코 비더-루트, 본티어 회사(NYSE: VNT)가 인도의 힌두스탄 페트롤리엄(HPCL)으로부터 5천9백만 달러 규모의 두 건의 입찰을 확보했습니다. 입찰에는 8년의 서비스 지원이 포함된 지상형 디스펜서에 대한 3천9백만 달러와 지하 잠수형 터빈 펌프에 대한 2천만 달러가 포함됩니다. 이 프로젝트는 향후 18개월 동안 인도의 HPCL 소매점에 배달될 예정입니다.
이번 파트너십은 인도의 인프라 성장, 현대화 및 탈탄소화 목표를 지원합니다. 길바르코 비더-루트의 기술은 바이오 연료 지원을 포함한 인도의 다중 에너지 미래에 기여할 것입니다. 이 회사는 1955년부터 인도에 존재해 왔으며, 50년 이상 HPCL의 선호 공급업체였습니다. 이 협정은 인도의 2030년 탈탄소화 목표와 COP26에서의 약속에 부합합니다.
Gilbarco Veeder-Root, une entreprise de Vontier (NYSE: VNT), a obtenu deux appels d'offres d'une valeur de 59 millions de dollars auprès d'Hindustan Petroleum (HPCL) en Inde. Les appels d'offres comprennent 39 millions de dollars pour des distributeurs aériens avec huit ans de support technique, et 20 millions de dollars pour des pompes à turbine submersibles souterraines. Ces projets seront livrés dans les points de vente d'HPCL en Inde au cours des 18 mois à venir.
Ce partenariat soutient la croissance des infrastructures, la modernisation et les objectifs de décarbonisation de l'Inde. Les technologies de Gilbarco Veeder-Root contribueront à l'avenir multi-énergétique de l'Inde, y compris le soutien aux biocarburants. La société est présente en Inde depuis 1955 et est un fournisseur privilégié d'HPCL depuis plus de 50 ans. Cet accord est en accord avec les ambitieux objectifs de décarbonisation de l'Inde pour 2030 et les engagements du COP26.
Gilbarco Veeder-Root, ein Unternehmen von Vontier (NYSE: VNT), hat zwei Ausschreibungen im Wert von 59 Millionen Dollar von Hindustan Petroleum (HPCL) in Indien gesichert. Die Ausschreibungen umfassen 39 Millionen Dollar für oberirdische Zapfsäulen mit acht Jahren Serviceunterstützung und 20 Millionen Dollar für unterirdische Tauchpumpen. Diese Projekte werden in den nächsten 18 Monaten in den Einzelhandelsgeschäften von HPCL in Indien umgesetzt.
Die Partnerschaft unterstützt das Wachstum der Infrastruktur, die Modernisierung und die Dekarbonisierungsziele Indiens. Die Technologien von Gilbarco Veeder-Root werden zu Indiens multi-energetischer Zukunft beitragen, einschließlich der Unterstützung von Biokraftstoffen. Das Unternehmen ist seit 1955 in Indien tätig und ist seit über 50 Jahren ein bevorzugter Lieferant von HPCL. Dieser Vertrag steht im Einklang mit Indiens ehrgeizigen Dekarbonisierungszielen für 2030 und den Verpflichtungen von COP26.
- Secured $59 million in tenders from HPCL
- Long-term service contract included in the deal
- Aligns with India's infrastructure and decarbonization goals
- Strengthens long-standing relationship with HPCL
- Expands presence in the growing Indian market
- None.
Insights
The $59 million tender win for Gilbarco Veeder-Root, a Vontier subsidiary, is a significant development. This contract, split between
This tender win strengthens Gilbarco Veeder-Root's market position in India's rapidly growing fuel retail sector. With a 50-year relationship with HPCL, the company is well-positioned to benefit from India's ambitious infrastructure and decarbonization goals. The contract's alignment with India's 2030 targets - including
The tender's focus on biofuel-compatible technology is technologically significant. As India pursues its decarbonization goals, Gilbarco Veeder-Root's ability to provide advanced, multi-energy solutions positions it at the forefront of the country's energy transition. The combination of above-ground dispensers and underground submersible pumps indicates a comprehensive fueling infrastructure upgrade. This holistic approach, coupled with an 8-year service agreement, suggests a long-term commitment to technological support and potential for future innovations. The establishment of Invenco by GVR's software development center in Bengaluru is particularly noteworthy, as it could lead to localized software solutions tailored to India's unique market needs, potentially creating a competitive advantage in future tenders.
Tender secured for dispensers, submersible pumps and services support HPCL and India’s ambitious infrastructure, modernization and decarbonization goals
“We are proud to partner with HPCL to support India’s strong growth and its ambitious infrastructure, modernization and decarbonization goals,” said Viswanath Devarajan, Managing Director, Gilbarco Veeder-Root India. “These projects are also a perfect example of India’s multi-energy future, as they include our latest technologies supporting biofuels to meet India’s strong decarbonization goals. Together, we are shaping a new sustainable energy landscape for India.”
Under the agreement, Gilbarco Veeder-Root will provide critical products and services to support India’s growing road network and infrastructure, which has expanded by nearly
Gilbarco Veeder-Root has been present in
About HPCL:
Hindustan Petroleum Corporation Limited (HPCL) formed in 1974, is a Maharatna Public Sector Enterprise. Committed to delivering a bouquet of energy solutions, HPCL has been at the forefront of innovation and sustainability, making a significant impact on society and the environment.
About Vontier:
Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com.
About Gilbarco Veeder-Root:
Gilbarco Veeder-Root, a Vontier company, is the worldwide technology leader for retail and commercial fueling operations, offering the broadest range of integrated solutions from the forecourt to the convenience store and head office. For over 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support, and proven reliability. Major product lines include fuel dispensers, tank gauges and fleet management systems. For more information, please visit: www.gilbarco.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240822047001/en/
Media Relations contact:
Marty Hanna, Vice President, Communications
Vontier Corporation
Martin.hanna@vontier.com
Investor Relations contact:
Ryan Edelman, Vice President, Investor Relations
Vontier Corporation
Ryan.edelman@vontier.com
Source: Vontier Corporation
FAQ
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