Vontier’s Gilbarco Veeder-Root secures $59M HPCL tenders

Vontier Corporation announced that Gilbarco Veeder-Root, a Vontier company, has secured two tenders worth a combined $59M from Hindustan Petroleum Corporation Ltd. The tenders include $39M for above-ground dispensers combined with eight years of service support, and $20M for underground submersible turbine pumps, to be delivered across HPCL’s retail outlets throughout India over the next 18 months. “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. 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 60% in only nine years. The country’s 2030 decarbonization goal and COP26 commitments include decarbonizing energy to 50% and achieving 500 GW of fossil fuel-free generating capacity by 2030.