financetom
Business
financetom
/
Business
/
IOC selects Reliance Jio's managed network services for its petrol pumps
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IOC selects Reliance Jio's managed network services for its petrol pumps
Dec 22, 2022 7:05 AM

Indian Oil Corporation (IOC), the nation's largest oil firm, has selected Reliance Jio's managed network services to connect a fifth of its petrol pump network.

Share Market Live

NSE

Jio will connect 7,200 IOC sites with SD-WAN managed service solution, zero-touch provisioning and 24x7 real-time monitoring, the firm said in a statement Thursday.

"Jio wins IOC order for providing SD-WAN solution that will power IOC's retail automation and critical business processes, such as payment processing, daily price updates, remote desktop protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24x7 support across 28 states and 8 union territories," it said in a statement.

JioBusiness, the enterprise arm of Reliance Jio Infocomm Ltd will be deploying and managing SD-WAN (Software Defined Wide Area Network) for IOC across its 7,200 retail outlets for a period of 5 years.

Speaking on the win, Prateek Pashine, Head Enterprise, Reliance Jio said, "We look forward to support IOC's digital transformation journey by implementing the largest SD-WAN network in the country with our 'Made in India' managed network solution".

"Our extensive experience in large-scale deployments equips us with the technical expertise to support IOC in achieving higher performance benchmarks across their network and leverage Jio's connectivity at each of the 7,200 sites," he said.

Also read: Indian Oil Earnings Preview: Weakness in refining, currency, may lead to operating loss

This will be one of the largest deployments of SD-WAN solutions in India across any industry as well as in the oil and gas industry across Asia.

Currently, the solution deployment is in an advanced stage with 2,000-plus retail outlets already onboarded on Jio's SD-WAN set-up, he said.

WAN links are currently deployed by Jio in offices, factories, and warehouses in various geographies for customers across government, banks, and large and small bindianusinesses.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

(Edited by : Ayushi Agarwal)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Apollo Global Management Invests $1.11 Billion in Vonovia Affiliate
Apollo Global Management Invests $1.11 Billion in Vonovia Affiliate
Oct 2, 2024
04:21 PM EDT, 10/02/2024 (MT Newswires) -- Apollo Global Management ( APO ) agreed to acquire a minority stake in a Vonovia affiliate for 1 billion euros ($1.11 billion). The investment will be provided by affiliates and other long-term investors, Apollo said Wednesday in a statement. The agreement brings total investment commitments by Apollo affiliates and funds in German real...
Russian court freezes funds of US banks JP Morgan and Mellon
Russian court freezes funds of US banks JP Morgan and Mellon
Oct 2, 2024
(Reuters) - The Moscow Region Arbitration Court on Wednesday froze funds of the U.S. Bank of New York Mellon held by the Russian branch of Citibank as well as funds of JP Morgan Chase held by its Russian affiliate of Morgan Chase Bank amounting in total to about $372 million. The court decision said the action was initiated by Russia's...
Colliers' Englobe Buys Ontario Engineering Consulting Firm For Undisclosed Sum; CIGI Hit 52 Week Highs Today
Colliers' Englobe Buys Ontario Engineering Consulting Firm For Undisclosed Sum; CIGI Hit 52 Week Highs Today
Oct 2, 2024
04:29 PM EDT, 10/02/2024 (MT Newswires) -- Colliers (CIGI.TO, CIGI), which hit 52 week highs in both Canada and the United States in regular trade on Wednesday, after the closing bells said that its Canadian engineering platform, Englobe, has acquired Goodkey, Weedmark and Associates Ltd., an engineering consulting firm in Ontario. Terms of the transaction were not disclosed. However, the...
Biohaven Closes Share Offering
Biohaven Closes Share Offering
Oct 2, 2024
04:21 PM EDT, 10/02/2024 (MT Newswires) -- Biohaven ( BHVN ) said Wednesday it has closed an underwritten public offering of about 6.1 million shares, including the full exercise of an over-allotment option, at $47.50 per share, raising about $287.5 million. Net proceeds will be used for general corporate purposes, the clinical-stage biopharmaceutical company said. Price: 50.15, Change: -0.85, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved