Coastal Corporation Share Price Analyzed

Coastal Corporation’s stock price jumped significantly on the BSE, hitting a 20% upper circuit at ₹44.76 per share. This surge followed news that its subsidiary, Coastal Biotech Private Ltd., secured a large ethanol supply order. This is a key development for the company and the broader market.

Key Points

• Coastal Corp. shares rose 20% due to a major ethanol order.
• Coastal Biotech won 54,521 kiloliters of ethanol.
• Orders were placed for Oil Marketing Companies and Reliance Jio BP.
• Total order value: Approximately ₹361.73 crore (ex-GST).
• Plant production starts in April 2025 at Odisha location.
• Production capacity: 198 KLPD, focusing on seafood processing.

The ethanol order was for the year 2025-26, referred to as ESY 2025-26. Specifically, Oil Marketing Companies (OMCs) received 43,441 kilolitres, and Reliance Jio BP Mobility EBPP received 11,080 kilolitres. This represents a combined total of 54,521 kilolitres.

The estimated value of this order is ₹361.73 crore, excluding Goods and Services Tax (GST). Coastal Biotech Private Ltd. is the subsidiary responsible for securing and fulfilling these supply agreements.

Coastal Corporation’s ethanol plant, located in Maringi Village, Paralakhemundi, Odisha, is nearing completion. It began trial runs in March 2025, and commercial production is expected to start by the end of April 2025. The plant has a production capacity of 198 KLPD.

Coastal Corporation is a global leader in the seafood industry, with a long history – over 40 years – of expertise in processing and distributing seafood. They have built a strong reputation for quality and reliability with their global partners and customers.

“Strategic investments in capacity and supply agreements are vital for long-term growth.”