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Panama Petrochem Ltd.

BSE: 524820 Sector: Industrials
NSE: PANAMAPET ISIN Code: INE305C01029
BSE LIVE 15:45 | 23 Nov 199.50 2.35
(1.19%)
OPEN

200.00

HIGH

203.00

LOW

197.60

NSE 15:40 | 23 Nov 200.25 0.60
(0.30%)
OPEN

201.10

HIGH

203.30

LOW

198.00

OPEN 200.00
PREVIOUS CLOSE 197.15
VOLUME 25339
52-Week high 209.00
52-Week low 53.33
P/E 24.51
Mkt Cap.(Rs cr) 1,207
Buy Price 0.00
Buy Qty 0.00
Sell Price 199.00
Sell Qty 80.00
OPEN 200.00
CLOSE 197.15
VOLUME 25339
52-Week high 209.00
52-Week low 53.33
P/E 24.51
Mkt Cap.(Rs cr) 1,207
Buy Price 0.00
Buy Qty 0.00
Sell Price 199.00
Sell Qty 80.00

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.