Avanceon awarded contract to automate fuel retail sites for a leading OMC

News Image

MG News | April 08, 2021 at 12:01 PM GMT+05:00

0:00

April 8, 2021 (MLN): Avanceon Limited (AVN) has been contracted to deploy a state-of-the-art fuel retail automation solution for one of the largest oil marketing companies in Pakistan. The fuel retail automation solution will be deployed on multiple sites and integrated with the customer’s central remote monitoring system.

According to the notice issued to Exchange, Fuel Retail Automation plays a critical role in improving consumer experience and supporting sustainable growth for oil marketing companies. The solution keeps human error and fuel adulteration in check and reduces costs by increasing monitoring and efficiency which in turn drives sales. Through flexible integration, oil marketing companies have the opportunity to increase the productivity of their retail outlets and streamline their supply chains.

The total value of the project is 150 million PKR and is currently underway. The company expects to complete it within the agreed timeline.

The Scope of Work on this project for Avanceon entails the following:

  • Design, Supply, Engineering, and Installation of Retail Automation System on Multiple Fuel Retail Sites
  • Integration of all sites with Central Remote Monitoring System
  • Start-Up and Commissioning Services Onsite with Performance Testing (SAT)

Avanceon will be partnering with world-class OEMs for the execution of this project. Moreover, the company will be complying with QHSE, local authority and customer requirements to ensure all safety, quality, and environmental issues.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,155.00 123,615.00
118,675.00
1625.00
1.37%
BRENT CRUDE 69.13 71.53
69.08
-1.23
-1.75%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.89 69.65
66.84
-1.56
-2.28%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg