Coastal Corporation Limited announced Update on commencement of operations at new plant (Unit III) at Kakinada SEZ, Kakinada, Andhra Pradesh. The company announced the trial production of new plant i.e Unit III at Kakinada SEZ on April 5, 2022 and is now fully ready to commission. The CAPEX of INR 700 million was invested by the Company in the Unit III.

The new facility has production capacity of 35 MTPD. This facility is a completely integrated facility. The trial production is started on i.e., April 5, 2022.

The Commercial production will be commenced in the next 10 to 15 days. Unit II] shall augment Company's value-added supply to various parts of the Globe. The new plant will be an important base for expanding global sales in the future.

This development is in line with the Company's commitment towards fostering sustainable growth while also creating job opportunities in the region. This capacity addition will enable the company to expand footprints and ensure sufficient and timely supplies thereby adding to efficiencies of the supply chain.