Announced Thu, 20 Aug · 17:48 IST
Coastal Corp subsidiary gets additional 4,310 KL ethanol allocation from OMCs
COASTCORP · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹40.60
prior close
₹40.32
base price
After-mkt
timing
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AI summary
Coastal Biotech, a wholly owned subsidiary of Coastal Corporation, received an incremental allocation of 4,310 Kilo Litres of ethanol for Q4 of Ethanol Supply Year 2025-26. The ethanol will be supplied to government-owned OMCs (BPCL, IOCL, HPCL) under the Ethanol Blended Petrol Programme. Supply will come from three units in Andhra Pradesh (Visakhapatnam and East Godavari).
Likely market impact
Positive incremental revenue from additional ethanol supply to government OMCs; supports capacity utilization at Andhra Pradesh plants.