Panama Petrochem Commences Commercial Operations at New Thane Manufacturing Facility

Specialty petroleum products manufacturer Panama Petrochem Limited has officially commenced commercial operations at its newly constructed manufacturing units located in Thane, Maharashtra. The commissioning marks a significant expansion of the company's domestic production footprint.

Facility Infrastructure and Location Details

The newly commissioned manufacturing assets are situated within a major industrial corridor in the Mumbai Metropolitan Region. The official location specifications include:

Site Location: Lodha Industrial and Logistic Park II (LILP II), Village Nahren, Taluka Ambernath, District Thane, Maharashtra.

Commercial Launch Date: July 6, 2026.

Operational Status: The company has finalized structural testing and officially initiated full commercial-scale production and supply logistics from the units on the launch date.

Panama Petrochem is an established producer in the downstream hydrocarbon sector, manufacturing a diversified portfolio of specialty chemicals. This includes liquid paraffin, petroleum jellies, transformer oils, automotive lubricants, and rubber process oils utilized across the pharmaceutical, cosmetics, power, and industrial manufacturing industries.

Shares of Panama Petrochem Limited was last trading in BSE at Rs. 441.80 as compared to the previous close of Rs. 426.40. The total number of shares traded during the day was 18545 in over 601 trades.

The stock hit an intraday high of Rs. 450.00 and intraday low of 425.30. The net turnover during the day was Rs. 8084615.00.

Source : Equity Bulls

Keywords

PanamaPetrochem INE305C01029 CommercialOperations Thane