Castrol India has decided to permanently close its Wadala, Mumbai facility in state of Maharashtra subject to statutory compliances as may be applicable. The company performed techno-commercial evaluation of the activities carried out at Wadala and based on the outcome it has been decided to close the said facility. The company does not carry out any production / manufacturing activity at Wadala facility.
The company’s ‘Technology Centre’ is currently housed at Wadala, which provides R&D support to the business and the decision about carrying out the said activities at different location will be taken in due course after thorough evaluation. This closure will not have any impact on company’s financial performance or its operations.
Castrol India is the second largest player in the Indian lubricant industry and is the market leader in the retail automotive lubricant segment. It manufactures and markets a range of automotive and industrial lubricants.
