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

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter