Sri Lanka, March 22 -- Lanka IOC PLC will invest Rs. 400 million to build a grease manufacturing plant, in Trincomalee. Over Rs. 300 million has been invested for the project so far and the opening scheduled for early this year was delayed due to logistical issues resulting from the COVID Pandemic.

"However now we are confident that the plan which is a first to Sri Lanka can be opened by the end of May 2021," said Managing Director LIOC, Manoj Gupta. He said that they will also start bunking facilities though a floating barge in Hambantota soon. The LIOC Grease plant will have a capacity of 3,000 MT per annum. "This grease plant, adjacent to our existing lube blending plant is in the final stages of installation and we are confident to d...