Posted on April 10, 2023 / 8
ExxonMobil is investing nearly INR 900 crore (USD 110 million) to build a lubricant manufacturing plant at the Maharashtra industrial development corporation’s isambe industrial area in raigad,the company said.
Once operational, the plant will have the capacity to potentially manufacture 1,59,000 kl of finished lubricants annually to meet the growing domestic demand from industrial sectors like manufacturing, steel, power, mining and construction , as well as from passenger and commercial vehicle segments. It is expected to begin operations by the end of 2025.
Source : Economic Times 6/4/2023
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