Cummins India gains on tie up with Ratan Tata-backed Repos Energy

This has shown a direct reduction of up to 10 percent in fuel costs.

Cummins India Limited gained over a percent in the early trade on December 13 after the engine maker announced the launch of an intelligent fuel management system in collaboration with Repos Energy.

Under the agreement, Cummins will market and distribute Data Automated Teller Ultimate Machine range of products, the company said in an exchange filing on December 12.

DATUM leverages sensors and digital technologies to provide real-time updates on fuel inventory and consumption across multiple installations. The smart fuel storage solution enables remote monitoring of fuel levels, sends alerts when the fuel level is low, and facilitates round-the-clock doorstep delivery of diesel thereby enhancing the efficiency of operations while reducing its carbon footprint, it said.

Cummins said customer would benefit from reduced fuel procurement costs and improved management of diesel inventory.

Follow our market blog for all the live action

It had shown a direct reduction of up to 10 percent in fuel costs, coupled with a significant improvement in operational uptime, the company said in the statement.

"The introduction of the DATUM range in collaboration with Repos marks a significant step in addressing the existing challenges faced by customers in managing fuel operations,” Vivek Malapati, vice president, distribution business, Cummins India, said.

Repos Energy is in the business of fuel logistics and challenges associated with such as theft, and spillage and offers door-to-door diesel services.

Backed by Ratan Tata, it operates in over 220 cities with more than 1,500 partners and 2,500 Repos mobile petrol pumps.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before making any investment decisions.