Maharashtra: ExxonMobil is investing nearly INR 900 crore ($ 110 million) to build a lubricant manufacturing plant in Raigad

ExxonMobil is investing nearly INR 900 crore ($ 110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad, which is expected to  potentially manufacture 159,000 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.