Panama Petrochem Gains Licence for New Factory in Maharashtra

MUMBAI, India — Panama Petrochem Limited has officially received a license from the Directorate of Industries Safety & Health to commence operations at its new manufacturing facility. The factory is situated within the Lodha Industrial and Logistic Park II (LILP II) in Village Nahren, Taluka-Ambernath, District-Thane, Maharashtra.

The company announced the regulatory milestone in a filing dated July 2, 2026, marking a strategic advancement in its infrastructure capabilities. As a leading manufacturer and exporter of over 80 variants of petroleum specialty products, Panama Petrochem plans to utilize this new site to bolster its production capacity and meet the growing demand for specialty chemicals in domestic and international markets.

Strengthening Manufacturing Footprint

The new facility in the Lodha Industrial and Logistic Park II is part of a broader capital expansion strategy aimed at scaling the company’s manufacturing output. According to the regulatory disclosure, the company is authorized to manufacture petroleum specialty products at this location, with the license remaining valid until June 29, 2035.

Panama Petrochem, which already operates several manufacturing units across India, has been steadily increasing its industrial presence to support its diverse product range, which includes liquid paraffin, petroleum jelly, and transformer oils. These products are critical inputs for industries ranging from pharmaceuticals and cosmetics to power and rubber processing.

Regulatory Compliance and Strategic Outlook

The receipt of the operating license follows the company’s earlier acquisition of land in the LILP II development. By securing the necessary industrial safety and health clearances, the company has cleared the final regulatory hurdle required to initiate production at the site.

In its filing, Panama Petrochem noted that there is no immediate monetary impact from this specific license grant; rather, the approval serves as the foundational authorization required to bring the factory online. The move reflects the company’s commitment to adhering to all environmental and safety standards mandated by the Maharashtra state authorities.

Official Sources

According to the official regulatory filing submitted by Panama Petrochem Limited to the National Stock Exchange (NSE) and the BSE Limited, the license was issued by the Directorate of Industries Safety & Health. The company stated that the facility is now cleared for industrial operations as part of its ongoing expansion.

Quote Section

According to officials, the company is authorized to manufacture specific petroleum specialty products at the new site. Organizers stated that the facility’s commencement aligns with Panama Petrochem’s broader objectives to enhance its supply chain efficiency and expand its footprint in the specialty chemical segment.

Why It Matters

For stakeholders, this development signals the successful execution of the company’s growth plan. By establishing a new manufacturing base in a strategic logistics hub like the Lodha Industrial and Logistic Park II, the company aims to optimize its logistics, reduce transport time, and improve its competitive edge. For the region, the project contributes to the industrial development of the Thane district and reinforces Maharashtra’s position as a hub for chemical manufacturing.

Key Facts at a Glance

• Facility Location: Lodha Industrial and Logistic Park II (LILP II), Village Nahren, Ambernath, Thane, Maharashtra.

• Licensing Authority: Directorate of Industries Safety & Health.

• License Validity: The permit is valid until June 29, 2035.

• Company Scope: Panama Petrochem is a prominent manufacturer of petroleum specialty products, including transformer oils and liquid paraffin.

FAQ

1. What has Panama Petrochem announced?

Panama Petrochem has received a license to commence manufacturing operations at its new factory located in the Lodha Industrial and Logistic Park II, Maharashtra.

2. What will be manufactured at the new plant?

The facility is authorized to manufacture various petroleum specialty products, consistent with the company's existing portfolio.

3. Does this license change the company's financial outlook immediately?

According to the company's filing, there is no immediate monetary impact; the license is a regulatory requirement that enables the start of production.

Source: Panama Petrochem - NSE Corporate Filing, Panama Petrochem Official Website, BSE Limited