Coastal Corporation Limited has informed the Exchange regarding receipt of allocation for Supply of Ethanol to OMC's under Ethanol Blended Petrol Programme(EBPP) in its wholly owned subsidiary, M/s. Coastal Biotech Private Limited.
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Coastal Corporation Limited has informed the exchange that its wholly owned subsidiary, Coastal Biotech Private Limited, has received an allocation to supply ethanol to Oil Marketing Companies (OMCs) under the government's Ethanol Blended Petrol Programme (EBPP). The EBPP is a central government initiative aimed at promoting ethanol blending with petrol. The supply will be carried out through the subsidiary, expanding its footprint in the government's clean fuel programme. No specific order value, quantity, or contract duration has been disclosed in this filing.
This is a positive development for the company as it secures a government-backed supply pipeline for the subsidiary, providing revenue visibility from a stable, policy-driven source. The allocation strengthens Coastal Biotech's role in India's ethanol blending mission and could support future earnings growth, though the lack of disclosed value makes the immediate financial impact hard to quantify.