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Panama Petrochem Ltd.

BSE: 524820 Sector: Industrials
NSE: PANAMAPET ISIN Code: INE305C01029
BSE LIVE 15:45 | 18 Aug 203.20 -10.00
(-4.69%)
OPEN

223.50

HIGH

223.50

LOW

201.00

NSE 15:49 | 18 Aug 203.05 -11.30
(-5.27%)
OPEN

218.40

HIGH

218.40

LOW

198.35

OPEN 223.50
PREVIOUS CLOSE 213.20
VOLUME 36791
52-Week high 223.50
52-Week low 60.65
P/E 17.78
Mkt Cap.(Rs cr) 820
Buy Price 0.00
Buy Qty 0.00
Sell Price 202.55
Sell Qty 100.00
OPEN 223.50
CLOSE 213.20
VOLUME 36791
52-Week high 223.50
52-Week low 60.65
P/E 17.78
Mkt Cap.(Rs cr) 820
Buy Price 0.00
Buy Qty 0.00
Sell Price 202.55
Sell Qty 100.00

Panama Petrochem Ltd. (PANAMAPET) - Company History

Incorporated in 1982 as a private limited company, Panama Petrochem was converted into a public limited company in Dec.'93. The company was promoted by the Rayanis with trading experience of over three decades in the industry. The company manufactures petroleum speciality products like agricultural spray oil, dewatering fluid, white oil, transformer oil and liquid paraffin (I P). Its products are marketed under the Panama brand name. Its manufacturing facilities are situated at Ankleshwar, Gujarat; Bombay and Panvel (Thane district). In Jan.'95, the company came out with a public issue to expand the capacity by nearly four times and to add value added products like liquid paraffin heavy (I P), petroleum jelly and greases. The company has a technical collaboration with Lubcon Lubricant Consult, Germany, for developing and marketing new products. In 1995-96, the company introduced petroleum sulphonate and other speciality oils. During 2000-01,turnover of the company has registered a growth of 57% over the previous year,as the figures were stood at Rs.42.60 crores as against Rs.27.27 crores in the previous year.