J. Sagar Associates advised Petronas Lubricants International, Malaysia., the lubricants manufacturing and marketing arm of Malaysia’s national Oil & Gas company ‘Petronas’ for investing US$ 50 million in a lubricant oil blending plant near Mumbai, its first in India.

A joint land lease agreement has been signed with Maharashtra Industrial Development Corporation (MIDC) to build a lubricant oil blending plant of 60 kilo tonnes per annum capacity. The plant will be constructed on 25 acres of industrial land in Patalganga, near Mumbai in a phased approach.

The JSA team comprised of M&A Partners Nitin Potdar & Rinku Ambekar along with Associate Aarti Iyer.