Coastal Corporation Limited, a recognized three-star export house by the Government of India, has achieved a significant milestone in its international expansion strategy. The company recently received approval from the Ministry of Agriculture of the Russian Federation, through the Federal Service for Veterinary and Phytosanitary Control (Rosselkhoznadzor), to export seafood products to Russian markets.

Key Highlights

• Two processing units of Coastal Corporation approved for seafood exports to Russia
• Approval granted by the Russian Ministry of Agriculture through Rosselkhoznadzor
• Expected to enhance export capabilities and contribute to revenue growth
• Aligns with the company's strategy to expand its international presence

Strategic Implications

This development marks a crucial step in Coastal Corporation's efforts to strengthen its position in the global seafood export market. The company views this approval as a key milestone, particularly in expanding its presence in the Russian Federation.

Potential Impact

The approval is anticipated to:

1. Open new business opportunities in the Russian market
2. Enhance the company's export capabilities
3. Contribute positively to revenue growth
4. Strengthen Coastal Corporation's global market position

Company's Perspective

In a statement to the stock exchanges, Coastal Corporation expressed confidence that this approval will further solidify its standing in the international seafood export arena. The company emphasized that this achievement aligns with its commitment to maintaining high-quality standards and expanding its global footprint.

Compliance and Disclosure

Coastal Corporation has disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant developments that may impact the company's performance and market position.

As the global demand for seafood continues to rise, Coastal Corporation's entry into the Russian market could potentially open up new avenues for growth and diversification. However, the actual impact on the company's financial performance will depend on various factors, including market conditions, competition, and the company's ability to capitalize on this new opportunity.

Coastal Corporation Limited has announced a significant business development in the renewable energy sector. The company's subsidiary, Coastal Biotech Private Limited, has secured a substantial ethanol supply order under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year (ESY) 2025-26.

Order Details

The company has been allocated a total quantity of 56,521 Kiloliters (KL) of ethanol supply, with an estimated order value of approximately Rs. 361.73 crores (excluding GST). This allocation comes from two separate tenders:

Tender Participation

Coastal Biotech Private Limited participated in two significant tenders:

1. A tender floated by Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery And Petrochemicals Limited (MRPL). The tender reference number for this was L00042332 C1/22376, dated 23.09.2025.

2. A separate tender (Reference offer No. 9503411 dated 23.09.2025) floated by Reliance Jio BP.

Execution Timeline

The ethanol supply order is to be executed during the Ethanol Supply Year 2025-26, as specified in the allocation details.

Significance of the Order

This order represents a substantial business opportunity for Coastal Corporation Limited in the growing renewable energy sector. The Ethanol Blended Petrol Programme is a key initiative in India's efforts to reduce dependence on fossil fuels and promote the use of renewable energy sources in the transportation sector.

The successful securing of this order may indicate Coastal Corporation's growing presence in the ethanol production industry and its ability to meet the increasing demand for biofuels in India.

As the company moves forward with this significant order, stakeholders will likely be watching closely to see how it impacts Coastal Corporation's financial performance and market position in the coming years.