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| Exchange Disseminated Time | Honeywell Automation India Ltd has informed BSE that Honewell on September 27, 2006 has announced that the Company has completed the first phase of automating 72 facilities at IndianOil's flagship XtraCare Gas Stations. This automation initiative was implemented by the Company across 13 Indian states representing key markets of the country.
IndianOil, one of India's leading petroleum retailers, runs the XtraCare programme to provide a pleasurable retailing experience to motorists across the country by ensuring quality and quantity of fuel and reducing waiting time of customers at the station driveways.
This automation drive of IndianOil is aimed at automating the Gas Station forecourt and Back-office operations, including monitoring and control of pumps and attendant activities, monitoring of tank level and density through electronic tank gauging system, automated bill printing facility, shift management, volume reconciliation, asset management, financial accounting, pre-formatted and customized reports, alarms and event logging and data uplink to IndianOil’s Central Management Server over secured link.
"Honeywell’s web-enabled eRetail Solutions provide quality and quantity assurance as well as superior fueling experience to motorists while enhancing the oil company’s downstream supply chain efficiency", said Harshvardhan Chitale, Managing Director of the Company.
IndianOil is currently the highest ranked Indian Company (ranked 153rd) on the prestigious Fortune Global 500 listing. It is also the world’s 18th largest integrated Oil company with annual revenues in excess o US$ 41 billion. It owns & operates 10 refineries, over 9000 km pipelines and over 15,000 gas stations. In the extremely competitive downstream business in India, it enjoys a dominant 47% market share.
Honeywell International is a $ 30 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poors 500 Index. |
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