25
Apr
Exxon Mobil said it is investing nearly INR 900 crore (USD $110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Is am be 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 Devendra Fadnav is and senior officials from the state. Once operational, the plant will have the capacity to potentially manufacture 159,000 kiloliters of finished lubricants annually to meet growing domestic demand from industrial sectors such as manufacturing, steel, power, mining, and construction, as well…
