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Coastal Corporation commences work on expansion plans

12 Aug 2019 Evaluate

Coastal Corporation has commenced work on its proposed expansion plans. The company has embarked upon an expansion drive of around Rs 61 crore. The company has chalked out plan to set up a pre-processing unit, new processing line and solar power plant.

The company through its subsidiary has commenced work on its pre-processing unit at Kakinada. The unit is expected to de-bottleneck its existing capacity and augment its existing capacity utilization. The unit would help the company in increasing its processed shrimps’ volumes by 15 tonnes per day.

Coastal Corporation is a leading manufacturer and trading company in Delhi exporting to almost all Middle East companies.

Peers
Company Name CMP
Nestle India 1346.50
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LT Foods 408.55
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