Efkon Signs Vehicle-Tracking-Devices Deal with Indian Oil Corporation

Markets ♦ Published: July 24, 2014; 12:23 ♦ (Vindobona)

Continuing the winning streak in the VTS (Vehicle-Tracking-Devices) business, Efkon India again was successful in winning 4 tenders for vehicle tracking systems. The Indian Oil Corporation Ltd. ordered a total amount of 6631 devices which equals an order intake of € 1,4 Mio.

Efkon Signs Vehicle-Tracking-Devices Deal with Indian Oil Corporation / Picture: © EFKON AG

Efkon is a global leader for intelligent transport and traffic solutions and a mayority owned subsidiary of Strabag SE.

The Indian Oil Corporation LTD. (IOCL) is an Indian state-owned oil and gas corporation. It is the world's 83rd largest corporation according to the Fortune Global 500 list and the largest public corporation in India when ranked by revenue. The Indian Oil…