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Panama Petrochem Ltd.

BSE: 524820 Sector: Industrials
NSE: PANAMAPET ISIN Code: INE305C01029
BSE 00:00 | 04 Aug 40.60 -0.45
(-1.10%)
OPEN

41.20

HIGH

42.05

LOW

40.10

NSE 00:00 | 04 Aug 40.35 -0.90
(-2.18%)
OPEN

41.35

HIGH

41.70

LOW

40.10

OPEN 41.20
PREVIOUS CLOSE 41.05
VOLUME 4136
52-Week high 88.00
52-Week low 25.40
P/E 13.49
Mkt Cap.(Rs cr) 246
Buy Price 40.10
Buy Qty 20.00
Sell Price 45.10
Sell Qty 250.00
OPEN 41.20
CLOSE 41.05
VOLUME 4136
52-Week high 88.00
52-Week low 25.40
P/E 13.49
Mkt Cap.(Rs cr) 246
Buy Price 40.10
Buy Qty 20.00
Sell Price 45.10
Sell Qty 250.00

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.