|₹333 / ₹92.2
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.