Shares of Coastal Corporation Ltd hit the 20 per cent upper circuit on the BSE on Thursday, rising to ₹44.76 per share, after its subsidiary Coastal Biotech Private Ltd secured an ethanol supply order of 54,521 kiloliters for the Ethanol Supply Year (ESY) 2025–26.
At 9:52 a.m., the company’s shares were locked at the upper circuit limit of ₹44.76, while the BSE Sensex was up 0.87 per cent at 85,163.38. The company’s market capitalization stood at ₹299.76 crore. Its 52-week high is ₹56.6, and the 52-week low is ₹29.72 per share.
According to the company’s filing, Coastal Biotech has received ethanol supply allocations for 54,521 kiloliters, valued at approximately ₹361.73 crore (excluding GST), for supply to Oil Marketing Companies (OMCs) and Reliance Jio BP during ESY 2025–26.
The order was secured through participation in two tenders — one floated by OMCs under the Ethanol Blended Petrol Programme (EBPP) (Tender Ref. No. L00042332 C1/22376 dated September 23, 2025), and another by Reliance Jio BP (Reference Offer No. 9503411 dated September 23, 2025).
Coastal Biotech had begun trial runs at its ethanol plant in Maringi Village, Paralakhemundi, Odisha, in March 2025, with commercial production expected to start by the end of April 2025. As per an earlier filing dated December 7, 2024, the plant’s production capacity is 198 KLPD (kiloliters per day).
Established over four decades ago, Coastal Corporation is engaged in the processing, production, and global distribution of seafood. The company said it has built a strong reputation for quality and professionalism in international markets and continues to focus on growth, operational excellence, and diversification into new sectors such as biofuels.
