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| Exchange Disseminated Time | Honeywell Automation India Ltd has informed BSE that the Company has bagged a significant LOI valued at Rs 192.87 cr from Indian Oil Corporation Ltd (IOCL) for automation of their petroleum retail stations. Out of the total award of 1250 retail stations and 2500 Tank trucks, the Company was successful in bagging 1158 stations and 2316 tank trucks. These solutions allow the oil companies to have complete data and visibility of the operations of their retail stations and also provides significant convenience to the consumers.
Earlier in the month the Company and their partners have also received a similar LOI from HPCL for 140 stations of HPCL. These projects allow the Company to have a first mover advantage in this new and large market for the automation of petrol stations. |
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