Panama Petrochem Secures Key License for Factory Operations in Thane
Panama Petrochem Ltd has secured a license from the Directorate of Industries Safety & Health, marking a significant milestone toward commencing operations at its new factory. The authorization pertains to the industrial facility located at Lodha Industrial and Logistic Park II (LILP II) in Village Nahren, Taluka- Ambernath, District-Thane, Maharashtra.The license grants the company the authority to manufacture specified petroleum speciality products at the designated site. This statutory license is intended to allow for the full operational launch of the factory.
The approval from the Directorate of Industries Safety & Health facilitates the commencement of operations but carries no immediate monetary impact on the listed entity. The operational period covered by this license extends until June 29, 2035.
Key details regarding the licensing status are summarized below:
| Parameter | Details |
|---|---|
| Regulatory Authority | Directorate of Industries Safety & Health |
| Authorization granted | To manufacture specified petroleum speciality products |
| Estimated Impact | No immediate monetary impact, as the license facilitates operations commencement |
| License Validity Period | Until June 29, 2035 |
PANAMAPET Stock Price Movement
Shares of Panama Petrochem Limited are rallying as of 1:25 PM today, climbing 3.02% and trading at ₹429.65 after gaining ₹12.60 in the live market. The stock is currently holding strong within its intraday range, which spans from a low of ₹410 to a high of ₹444.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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