Raj Petro to produce speciality lubricants

The Rs850 crore (US$182.05 million) Raj Petro Specialities, a closely held flagship company of India’s Raj Group, is planning a major expansion to focus more on high speciality lubricants having wider applications. The company also plans to produce ultra high performance premium products. Director Amit Nanavati said that the company has so far invested about Rs100 crore (US$21.42 millions), met mainly out of internal resources, on new production units that are located at Manali, Chennai, Silvassa and Ankleshwar and on research and development activities. The company plans to expand further by creating another unit at Ennore, near Chennai. (December 17, 2009)