Schedule a Call Back
ExxonMobil to build lubricant manufacturing plant in India
2023-05-05
Exxon Mobil said announced it is investing about Rs 900 crore to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad.
The company signed a Memorandum of Understanding (MoU) with the Government of Maharashtra in the presence of Chief Minister Eknath Shinde, Deputy Chief Minister DevendraFadnavis and senior officials from the state. Once operational, the plant will have the capacity to potentially manufacture 159,000 kilolitres of finished lubricants annually to meet growing domestic demand from industrial sectors such as 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.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Battery-operated systems are gradually gaining attention.
TVSS Srinivas, Business Head, Steel, Mining, Port, Mineral & Aggregrate Crushing Systems & International Business Development, Busines...
Sinoboom exports to more than 80 countries
Sunil Jain, Senior Consultant (SAARC), Sinoboom Intelligent Equipment
Sinoboom has been steadily increasing it...
Read More
India-engineered products are gaining traction in export markets
Dr Venkat Srinivas, Business Head – Mahindra Truck, Bus and Construction Equipment, and Executive Director & CEO – SML Mahindra, Mahin...
