You are here » Home » Companies » Company Overview » Panama Petrochem Ltd

Panama Petrochem Ltd.

BSE: 524820 Sector: Industrials
NSE: PANAMAPET ISIN Code: INE305C01029
BSE 15:29 | 17 Jan 235.20 -7.20
(-2.97%)
OPEN

240.05

HIGH

240.05

LOW

211.00

NSE 15:31 | 17 Jan 239.75 -5.80
(-2.36%)
OPEN

243.55

HIGH

243.55

LOW

208.70

OPEN 240.05
PREVIOUS CLOSE 242.40
VOLUME 44294
52-Week high 268.00
52-Week low 70.00
P/E 28.89
Mkt Cap.(Rs cr) 1,423
Buy Price 235.20
Buy Qty 36.00
Sell Price 239.15
Sell Qty 99.00
OPEN 240.05
CLOSE 242.40
VOLUME 44294
52-Week high 268.00
52-Week low 70.00
P/E 28.89
Mkt Cap.(Rs cr) 1,423
Buy Price 235.20
Buy Qty 36.00
Sell Price 239.15
Sell Qty 99.00

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.