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Panama Petrochem Ltd.

BSE: 524820 Sector: Industrials
NSE: PANAMAPET ISIN Code: INE305C01029
BSE 15:42 | 14 Jun 231.75 2.20
(0.96%)
OPEN

228.75

 HIGH

236.95

 LOW

225.25
NSE 15:43 | 14 Jun 231.55 2.15
(0.94%)
OPEN

228.70

 HIGH

237.00

 LOW

225.10
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OPEN 228.75
PREVIOUS CLOSE 229.55
VOLUME 60145
52-Week high 242.00
52-Week low 37.20
P/E 11.36
Mkt Cap.(Rs cr) 1,402
Buy Price 0.00
Buy Qty 0.00
Sell Price 231.75
Sell Qty 15.00
OPEN 228.75
CLOSE 229.55
VOLUME 60145
52-Week high 242.00
52-Week low 37.20
P/E 11.36
Mkt Cap.(Rs cr) 1,402
Buy Price 0.00
Buy Qty 0.00
Sell Price 231.75
Sell Qty 15.00

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 2000-01turnover of the company has registered a growth of 57% over the previous yearas the figures were stood at Rs.42.60 crores as against Rs.27.27 crores in the previous year.

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