Cash­less fa­cil­ity ex­pands across In­di­anoil Net­work

Resource Digest - - CONTENTS -

With the right use of in­fra­struc­ture and tech­nol­ogy, In­di­anoil is en­sur­ing that cus­tomers visit­ing its fa­cil­i­ties can ef­fort­lessly re­duce the use of cash. As on date, more than 60% of In­di­anoil’s 25,000 petrol sta­tions are of­fer­ing digital pay­ment gate­ways to cus­tomers. Sim­i­larly In­di­anoil has en­sured digital pay­ment for LPG cylin­ders in more than 50 cities through more than 5,700 e-wal­lets and 689 POS/MPOS.

In­di­anoil has also part­nered with lead­ing banks such as SBI, AXIS, ICICI, and IDFC to en­able the cash­less and faster move­ment of Tank Trucks at the toll plaza. The trucks are fit­ted with a Ra­dio Fre­quency In­di­ca­tor (RFID) linked to the banks server that al­lows the trucks to pass through with­out pay­ing toll charges in cash. The bank takes record of trans­ac­tions at toll plaza of the trucks fixed with RFID Tags and set­tle amount to NHAI and sub­mit a daily trans­ac­tion state­ment to In­di­anoil. In­di­anoil in turn re­im­burses the same to the banks. As on date about 18,000 tank trucks out of its fleet of 24,000 TTS are fit­ted with RFID. Cor­po­ra­tion has in­tro­duced cash­less move­ment of Tank Trucks across In­dia within a very short time.

In­di­anoil’s Di­rec­tor Mar­ket­ing, Mr. BS Canth, said, “The mas­sive in­fu­sion of digital pay­ment gate­ways at its fa­cil­i­ties is grow­ing on a day-on-day ba­sis and as on date 25% of our busi­ness vol­ume is through cash­less pay­ment gate­ways. Digi­pay­ments are ex­pected to add a new di­men­sion to our mas­sive op­er­a­tions with cash­less ef­fi­ciency and con­ve­nience for our cus­tomers.”


In­dian Oil Di­rec­tor (Re­finer­ies), San­jiv Singh, in his New Year ad­dress, re­it­er­ated the team’s com­mit­ment to ef­fi­cient, smooth and cost-ef­fec­tive sup­plies for meet­ing the en­ergy de­mands of the coun­try.

He said that the Team In­di­anoil is fer­vently em­brac­ing tech­no­log­i­cal ad­vance­ments in its re­finer­ies and build­ing ca­pa­bil­i­ties of its peo­ple to be in readi­ness to seize promis­ing op­por­tu­ni­ties in the chang­ing en­ergy land­scape.

“In­no­va­tion & tech­nol­ogy shall be the key driv­ers for the Cor­po­ra­tion in the com­ing years,” he said.

He added that In­di­anoil Re­finer­ies are mak­ing steady progress to­wards en­sur­ing 100 per cent sup­ply of BS-IV grade fu­els from April 1 2017 on­wards.

Singh also shared that In­dia has made an am­bi­tious and very chal­leng­ing plan to leapfrog di­rectly from BS-IV to BS-VI emis­sion norms by April 1, 2020 i.e., within a span of just three years, a feat be­ing at­tempted per­haps for the first time by any coun­try in the world. The In­di­anoil Re­finer­ies are also gear­ing up for its timely im­ple­men­ta­tion.

Di­rec­tor (Re­finer­ies), In­di­anoil, also said, “Safety, sus­tain­abil­ity and en­vi­ron­ment pro­tec­tion shall con­tinue to be a top pri­or­ity in all our busi­ness op­er­a­tions.”


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