Sharat Industries , a leading integrated aquaculture company, has announced a strategic expansion into Gujarat, marking a significant step in its pan-India growth strategy. The company has signed an agreement with West Coast Frozen Foods Private Limited to commence Merchant Export operations in the western state.

Key Highlights of the Expansion

• New Facility: Sharat Industries will leverage an existing shrimp processing facility in Olpad, Gujarat.
• Timeline: Operations are expected to begin upon receiving regulatory approvals during the current quarter.
• Revenue Projection: The company estimates an incremental revenue of over ₹100.00 crores from this expansion.
• Market Reach: The move aims to strengthen export capabilities to key global markets including the USA, Europe, China, and broader Asia.
• Operational Efficiency: The Gujarat facility's proximity to major western ports is expected to reduce logistics turnaround time and improve supply chain efficiency.
• Product Diversification: Plans include expanding product diversity through exports of processed Black Tiger shrimp.

Strategic Implications

Sharat Reddy, Executive Director of Sharat Industries Limited, commented on the development: "This partnership is a significant step in our journey to build a geographically diversified and operationally agile presence across India. It enhances our capacity to serve international clients with greater efficiency and strengthens our commitment to delivering diverse, world-class aquaculture products."

The expansion aligns with Sharat Industries' focus on sustainable practices, value-added products, and robust export capabilities. It represents a strategic move to scale operations and create long-term value for stakeholders.

Company Background

Established in 1990 and headquartered in Nellore, Andhra Pradesh, Sharat Industries Limited is a pioneer in India's aquaculture industry. The company specializes in the cultivation, processing, and export of premium Vannamei shrimp, with an emphasis on quality and sustainability. Its vertically integrated operations include:

• Hatcheries
• Shrimp farming
• Feed production
• Modern processing plant with an annual capacity exceeding 6500.00 MT

Sharat Industries exports to leading retailers and distributors across Russia, USA, Europe, and Asia. The company has been listed on the Bombay Stock Exchange (BSE) since 1994 and employs over 200 professionals, underpinning its reputation in the global seafood industry.

This expansion into Gujarat represents a significant milestone for Sharat Industries, potentially boosting its production capacity, market reach, and financial performance in the coming years.

Sharat Industries Limited, a leading integrated aquaculture company, has announced a strategic expansion into Gujarat, marking a significant milestone in its growth trajectory. The company has signed an agreement with West Coast Frozen Foods Private Limited to commence Merchant Export operations in the western state.

Strategic Expansion

The expansion involves leveraging an existing shrimp processing facility in Olpad, Gujarat. Operations are expected to begin once regulatory approvals are secured, likely within the current quarter. This move is set to bolster Sharat Industries' export capabilities, particularly to key global markets including the USA, Europe, China, and broader Asia.

Operational Advantages

The strategic location of the Gujarat facility, in close proximity to major western ports, is expected to yield significant operational benefits:

• Reduced logistics turnaround time
• Improved supply chain efficiency
• Enhanced ability to serve international clients

Product Diversification

As part of this expansion, Sharat Industries plans to broaden its product range. The company will now include exports of processed Black Tiger shrimp, adding to its existing portfolio of premium Vannamei shrimp products.

Financial Impact

The company has provided an optimistic financial outlook for this expansion:

• Estimated incremental revenue: Over ₹100.00 crores
• Timeframe: Current financial year

Management's Perspective

Sharat Reddy, Executive Director of Sharat Industries Limited, commented on the development: "This partnership is a significant step in our journey to build a geographically diversified and operationally agile presence across India. It enhances our capacity to serve international clients with greater efficiency and strengthens our commitment to delivering diverse, world-class aquaculture products."

Company Background

Sharat Industries Limited, established in 1990 and headquartered in Nellore, Andhra Pradesh, is a pioneer in India's aquaculture industry. The company specializes in the cultivation, processing, and export of premium shrimp, with a strong emphasis on quality and sustainability. Its operations include:

• Hatcheries
• Shrimp farming
• Feed production
• Modern processing plant with an annual capacity exceeding 6500.00 MT

The company has been listed on the Bombay Stock Exchange (BSE) since 1994 and employs over 200 professionals.

This strategic initiative aligns with Sharat Industries' focus on sustainable practices, value-added products, and robust export capabilities as it continues to scale operations and create long-term value for stakeholders.