Sharat Industries has signed a strategic agreement with West Coast Frozen Foods to commence Merchant Export operations in Gujarat. This collaboration marks a pivotal step in the company’s pan India expansion strategy. Under this agreement, the company will leverage an existing shrimp processing facility located in Olpad, Gujarat, with operations scheduled to commence upon receipt of requisite regulatory approvals during the course of the present quarter.
This expansion will significantly strengthen the company’s export capabilities, enhancing its ability to serve key global markets including USA, Europe, China, and broader Asia. The strategic location of the Gujarat facility - close to major western ports - will reduce logistics turnaround time and improve supply chain efficiency. This move also gives the company a platform to expand its product diversity through exports of processed Black Tiger shrimp.
The company estimates incremental revenue generation of over Rs 100 crore in the current financial year, stemming from this expansion, which is expected to contribute meaningfully to its growth trajectory.
Sharat Industries is engaged in aquaculture project consisting of a hatchery, feed mill, grow-out farm and processing plant, which will produce Individually Quick Frozen (IQF) and other value-added products.
| Company Name | CMP |
|---|---|
| Apex Frozen Foods | 492.35 |
| Zeal Aqua | 14.27 |
| Sharat Industries | 153.85 |
| Waterbase | 50.50 |
| Kings Infra Ventures | 129.05 |
| View more.. | |
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