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'Will automate all our oil pumps in 3 years'

Indian Oil Corporation is in the process of automating its petrol stations and aims to complete the work in the next three years. ‘In the retail front, we have taken a major initiative. We have gone for a large-scale automation. Total delivery is controlled in automation system and there is always a verification system to check the quality and the volume of fuel delivered,’ said Indian Oil Corporation Chairman B Ashok.

Indian Oil till last month has automated more than 6,200 retail outlets and is planning to automate 7,500 more in the current fiscal across the country. The company has automated two petrol stations one each in Tiruppur, Tamil Nadu and the other at Puducherry.

One petrol station in Chennai and Coimbatore was underway for automation, he said. ‘For 2014-15, the company has lined up investment of Rs 125 crore for setting up new retail outlets and modernise existing retail outlets with canopy, visual identity and installation of modern dispensing units in Tamil Nadu,’ Ashok said.

IOC has invested about Rs 550 crore in Tamil Nadu till October towards automation and augmentation of existing facilities.
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