Castrol India, an automotive and industrial lubricant manufacturing unit of UK-based Castrol, revealed that it intends to further commit 140 crore rupees ($19.6 million) at its Silvassa plant.
The commitment, spread over the next two years, is expected to boost the capacity at the Silvassa plant by 50 percent.
Castrol said that its board has approved the expansion investment plan of $19.6 million at its state-of-the-art facility.
The company’s total revenue from operations stood at $148.9 million for the period under review, up 7.3 percent, as compared to $138.7 million in the quarter ended December 31, 2017.