Coastal Corporation Secures ₹362 Crore Ethanol Supply Orders; Stock Surges Nearly 20%

Visakhapatnam, Thursday, October 23 – On Thursday, the share price of Coastal Corporation Limited (NSE: COASTCORP, BSE: 501831) surged by almost 20% after the company announced new ethanol allocation orders through the Ethanol Blended Petrol Programme (EBPP), amounting to around ₹362 crore for the Ethanol Supply Year 2025–26.

Coastal Corporation Limited is situated in Visakhapatnam and is a Three-Star Export House recognized by the government of India for seafood exports.

Details of Ethanol Supply Contracts

Coastal Biotech Private Limited, a government-notified exporter and subsidiary of Coastal Corporation, has been allocated approximately 56,521 kiloliters of ethanol for the year. The agreements enable the firm to supply approximately 45,441 kiloliters to the major oil marketing companies BPCL, IOCL, HPCL, and MRPL, and approximately 11,080 kiloliters to Reliance Jio BP. The estimated order value of all domestic orders is approximately ₹361.73 crore, excluding GST, and upon execution will be across a variety of locations in India during FY2025–26, enhancing Coastal Biotech’s position in this sector.

Stock Market Summary

As of 12:39 PM on October 23, 2025, Coastal Corporation Limited shares were trading at ₹44.80, up 19.98%. The stock opened on the NSE and BSE at ₹43.00, reached an intraday high of ₹44.80, and a low of ₹42.25. The market capitalization is ₹300.06 crore, and the price-to-earnings ratio (P/E) is 41.67. The dividend yield is 0.49% with a quarterly dividend of ₹0.05 per share. The stock has traded during the 52 weeks between ₹30.01 and ₹56.59.

Strategic Expansion into Biofuels

Trading on both the NSE and BSE, the company is also pursuing its expansion into the biofuel business via Coastal Biotech Private Limited to support India’s clean energy transition and sustainability initiatives.

REF: https://nsearchives.nseindia.com/corporate/COASTCORP_22102025173914_Intimationofreceiptofallocationofethanol.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations