Panama Petrochem Gets License for Maharashtra Factory Operations

Panama Petrochem Ltd has received a crucial license from the Directorate of Industries Safety & Health, enabling the commencement of operations at its new factory located in Lodha Industrial and Logistic Park II, Ambernath, Thane, Maharashtra. This statutory license authorizes the company to manufacture specified petroleum speciality products. While there is no immediate monetary impact, the license is essential for operationalizing the facility, which is valid until June 29, 2035. This development signifies a step forward in the company's expansion and production capabilities.