Indian Oil commissions 40 ‘smart’ terminals to boost accuracy

A SMART terminal is one where tank-truck filling operation is fully automated from its entry to exit from the terminal

GN Bureau | January 21, 2017


#smart terminal   #Indian Oil   #IOCL  
In its bid to maximise accuracy at its supply points by leveraging technology, Indian Oil Corporation Ltd (IOCL), a Maharatna PSU, has commissioned 40 SMART terminals and will convert the remaining by 2018 fiscal-end. Its first SMART terminal was launched in October 2015, said a press release of IOCL.
 
As on date, Indian Oil’s 130 storage terminals across the country form the backbone of its POL supply & distribution (S&D). 
 
Notably, a SMART terminal is one where Tank-Truck (TT) filling operation is fully automated from its entry to exit from the terminal. A centralised automated system takes care of all the core operations, thus enabling manpower to focus only on the critical maintenance and safety-related support and engaging qualitatively with customers. Indian Oil has successfully leveraged automation and technology to achieve unmanned tank lorry filling (TLF) operations round the clock. 
 
The public undertaking believes that the execution of the SMART terminal concept is revolutionary for the Indian oil and gas industry which has brought in transparency, efficiency and safety at the terminals. 
 
The SMART terminal personifies the pioneering spirit of Indian Oil to tap into in-house resources to accomplish industry-first credentials. The entire software was developed in-house in its SAP’s S&D module with an objective to make these operations more efficient at reduced costs along-with intelligent data reporting. This development has ensured that data analytic aligns with business objectives. 
 
The adoption of cutting edge technology has prompted Indian Oil to make operations of all of its POL storage locations automatic.
 

Comments

 

Other News

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter