09:54 AM EST, 12/16/2025 (MT Newswires) -- Loop Industries ( LOOP ) said Tuesday its Indian joint venture, Ester Loop Infinite Technologies, has awarded a detailed engineering contract for its Infinite Loop India project to Toyo Engineering India.

The overall capital expenditures for the project are expected to be below the $176 million budget, with $5 million in realized savings from land acquisition alone, Loop Industries ( LOOP ) said.

The Infinite Loop India manufacturing project construction is expected to be completed by the end of 2027, the company added.

Price: 1.00, Change: +0.04, Percent Change: +3.63