SHINDL · price
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Sharat Industries Limited, an integrated aquaculture company based in Nellore, Andhra Pradesh, has signed a strategic agreement with West Coast Frozen Foods Private Limited to start merchant export operations in Gujarat. The company will use an existing shrimp processing facility in Olpad, Gujarat, with operations expected to begin this quarter after receiving regulatory approvals. The move is aimed at serving key global markets including the USA, Europe, China, and broader Asia, while reducing logistics turnaround time due to proximity to western ports. The company also plans to expand its product range by exporting processed Black Tiger shrimp. Management estimates this expansion will generate incremental revenue of over ₹100 crores in the current financial year, contributing meaningfully to its growth trajectory.
This expansion could meaningfully boost the company's topline and export footprint, with the company itself projecting over ₹100 crores in additional revenue this fiscal year. For shareholders, it signals growth ambition and geographic diversification, though the figures remain company estimates pending regulatory approvals and actual execution.