Avanceon Limited has secured USD 6.3 million in orders for its Fuel Retail Business from major Oil Marketing Companies in Pakistan, enhancing its position in the automation and digitalization sector for fuel retail.
- The projects focus on Automatic Tank Gauging (ATG) systems and fuel dispenser automation.
- Avanceon has deployed solutions at over 1,500 sites, capturing 80% of the automated fuel pump market in FY2026.
- The fuel retail sector in Pakistan is experiencing a growth rate of approximately 10-20% YoY, with over 10,000 fuel stations nationwide.
- These contracts are expected to contribute positively to the company's revenue and shareholder value through enhanced operational efficiency and compliance.
- Avanceon aims to leverage its established relationships and technology expertise to drive further growth in the digitalization of fuel retail operations.