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Rama Petrochemicals Ltd
NSE: RAMAPETRO BSE: 500358
₹15.20
(5.00%)
Mon, 27 Jul 2026, 09:13 pm
Market Cap (in Cr)24.67
PE Ratio0
Dividend0
Distribution Services
Wholesale Distributors
24.5KCompany History
1985
- The company entered into a Licence Agreement with Lurgi GmbH and Osterreichsche Hiag-Werke GmbH for a methanol plant using low-pressure technology.
- A comprehensive agreement was signed with Humphreys and Glasgow Consultants Pvt. Ltd. for technical consultancy services.
- Approval was received from the Government to enhance the licensed capacity of methanol from 50,000 to 1,00,000 tonnes per annum.
1986
- 70 shares were subscribed by the signatories to the Memorandum of Association.
- 88,29,930 equity shares were issued at par, with some shares reserved for non-resident Indian promoters, resident Indian promoters, UTI, and SICOM.
- The balance shares were offered for public subscription, with some reserved for preferential allotment to employees and associate companies.
1987
- The company initiated discussions with alternative suppliers of technology for a cost-effective technology package.
1989
- The company obtained a letter of intent for the manufacture of 15,000 TPA of 2-Ethyl Hexanol and certain by-products.
- A letter of intent was received for the manufacture of 30,000 TPA of formaldehyde at the existing location at Patalganga.
- 68,127 equity shares from the April 1986 public issue were allotted.
1990
- The 2-ethyl hexanol project was deferred due to an unsuccessful agreement with technical collaborators.
- The proposed formaldehyde project was reviewed due to anticipated changes in industrial policy.
1991
- 2,66,210 equity shares were allotted at par to financial institutions in part conversion of loans.
1992
- The company received approvals to issue 31,20,720 fully convertible debentures on a Rights basis.
- 2,66,210 equity shares were allotted at par to financial institutions in part conversion of loans.
- 4,40,690 equity shares were allotted at par to financial institutions in conversion of loans.
1995
- The company's performance was affected by decreased global methanol prices and reduced customs duty, leading to cheap methanol imports.
1996
- Sales turnover declined to Rs. 50.31 crores due to a 28-day lock-out of the factory.
1998
- The company's poor performance was attributed to the closure of the methanol plant for nearly 10 months due to a lock out.
- The company contemplated reorganisation of its business to improve working results.
- The company proposed to transfer the Denim division to Rainbow Denim Ltd.
- The company submitted a rehabilitation scheme to BIFR for the merger of Rama Fertilisers Pvt. with the company.
2005
- Rama Petrochemicals Ltd appointed Mr. H D Ramsinghani as a Director and the Chairman of the Board of Directors.