Fuel dispensers maker Wayne, a GE Energy business (GE: Quote), said Tuesday it will be supplying IndianOil Corp. over 2,700 fuel dispensers from its Shanghai facility this year.
Orlando Barrios, Wayne APAC president stated that "We have been supplying IndianOil Corp. with Wayne products for several years, and this is the first time the equipment will be manufactured and delivered from our facility in China."
IndianOil, India's flagship national oil company, holds business interests throughout the entire hydrocarbon value chain—from refining, pipeline transportation and marketing of petroleum products to exploration and production of crude oil and gas, marketing of natural gas and petrochemicals.
Shares of GE closed at $22.24 up 0.86%, on a volume of over 38.0 million shares on the NYSE.
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by RTT Staff Writer
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