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Incorporated in 1981, Coastal CorporationLtd is engaged in processing and exportof sea food
Coastal Corporation Limited has informed the Exchange about General Updates
Company clarifies perceived repayment delays in banking records. Its bank confirmed funds were available on time; apparent discrepancies arose from bank processing and system issues. Account conduct is satisfactory with no stress observed in repayments.
Coastal Corp is expanding into grain-based ethanol with a 198 KLPD plant in Odisha. This strategic diversification aims to boost growth, with projections showing the ethanol segment contributing ₹241.90 Cr revenue and ₹13.79 Cr PAT for FY2025-26, signaling a strong new revenue stream.
Coastal Corp. gained Russian regulatory approval for two processing units to export seafood. This key business development expands its global footprint and is expected to significantly enhance export capabilities and revenue.
Coastal Corp's subsidiary secured ethanol supply allocations for ESY 25-26 from OMCs and Reliance Jio BP, totaling 56,521 Kiloliters. The estimated order value is Rs 361.73 Cr.