Gulf Oil Lubricants India is looking at increasing its capacity at the Silvassa facility from 75000 mt to go up to 90000 mt, said MD Ravi Chawla.
The company will be opening a new plant in Chennai having capacity of 40,000 metric tonnes (mt) annually and would need capex of around Rs 150 crore, said Ravi Chawla, MD, Gulf Oil Lubricants India in an interview to CNBC-TV18.
The plant is likely to come on stream in early part of 2017.
The company is also looking at upping its capacity at the Silvassa facility from 75000 mt to go up to 90000 mt for which Rs 40 has already been put in, said Chawla.
The capex funding would be partly internal and partly external sources.
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