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Rama Petrochemicals Ltd logo

Rama Petrochemicals Ltd

NSE: RAMAPETRO BSE: 500358

₹14.63

(0%)

Sat, 21 Mar 2026, 04:07 am

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Company 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.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800