ExxonMobil Lays Foundation Stone for New Lubricant Manufacturing Plant in Raigad, Maharashtra
– The investment is aimed at localized manufacturing of high-performance lubricants, which will cater to the growing demand from India’s industrial and automotive sectors. The plant, with an investment outlay of INR 900 crore (US$110 million), will be built in Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad. Once operational, it will have the capacity to potentially manufacture 159,000 kiloliters of finished lubricants annually.
– Expecting to create over 1,200 new jobs during the construction phase, the plant will also support the local economy by creating a vibrant manufacturing ecosystem that will potentially benefit several ancillary sectors.