Panama Petrochem Limited was incorporated on March 9, 1982. The Company manufactures speciality petroleum products under the brand name 'PANOL', for diverse user industries like printing, textiles, rubber, Pharmaceuticals, cosmetics, power and various industrial oil. It has manufacturing facilities at four plants namely, in Ankleshwar (Gujarat), Daman (Union Territory), Taloja (Raigadh, Maharashtra) and Dahej (Bharuch, Gujarat).
The Company is one of the leading manufacturers and exporters for various kinds of Petroleum specialties. The Company's diverse range of products include Mineral Oils, Liquid Paraffins, Transformer Oils, Petroleum Jellies, Ink Oils and Other Petroleum Specialty Products. It manufactures petroleum speciality products like agricultural spray oil, dewatering fluid, white oil, transformer oil and liquid paraffin.
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.
The Daman plant commenced production from December ...2003. The Company got into an agreement with PETRONAS, a Malaysian giant, in January, 2006, for marketing the Automotive Lubricants in Western India. New manufacturing plant at Taloja commenced operations from June, 2007.
During FY 2008-09, the Hon'ble High Court of Gujarat and Bombay, vide its order dated 14th November, 2008 approved the Scheme of Arrangement for De-merger of Securities Investment Business of Mobil Petrochem Pvt Ltd into Ittefaq Ice and Cold Storage Co. Pvt. Ltd; and Amalgamation of Mobil Petrochem Pvt. Ltd. (Residual Business) with Panama Petrochem Ltd., which became operative with effect from the Appointed Date i.e. 1st January 2008.
The Construction of Phase I Dahej Plant with a capacity of 30,000 metric tonnes was commissioned in August 2010. Panol Industries RMZ FZE, UAE formed as a wholly owned subsidiary of the Company in 2012-13, had started its business operation during the year 2013-14.
The Company established a manufacturing subsidiary in UAE i.e. Panol Industries, in order to cater the markets of Middle East and African Continent in 2022. Moreover, the Wholly-Owned Subsidiary of the Company, Panol Industries RMC FZE incorporated in UAE has also initiated an expansion project by securing an additional property at RAK Maritime City Free Zone, thereby enhancing its operational capacities in 2023-24.
FAQs on Panama Petrochem Ltd
1. Can I buy Panama Petrochem Ltd from PL Capital? ›
Yes, you can invest in Panama Petrochem Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Panama Petrochem Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Panama Petrochem Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Panama Petrochem Ltd pay dividends? ›
Yes, Panama Petrochem Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Panama Petrochem Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Panama Petrochem Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Panama Petrochem Ltd. is ₹ 300.45 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Panama Petrochem Ltd ? ›
The 52-week high and low of Panama Petrochem Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
