Malaysian oil firm to invest 975 crores in India

Petronas Lubricants International, the Malaysian oil major, is reportedly planning to invest Rs.975 crore in India's lubricant market. According to reports, Petronas is planning to set up a plant with 110 million liters capacity in Patalganga, on the outskirts of Mumbai. Other than this, the oil major also has plans to set up a technology center and also invest in branding activity.

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