Coastal Corp subsidiary initiates ethanol plant boiler firing

Coastal Corporation (BSE: COASTCORP) announced today that its wholly-owned subsidiary, Coastal Biotech Private Limited, has successfully initiated the slow firing of the boiler at its ethanol plant located in Maringi Village, Paralakhemundi, Odisha. This development marks a significant step forward for the ethanol project, with commercial production of ethanol scheduled to commence before the end of the current financial year. The company's disclosure adheres to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update follows previous communications, including an update dated December 7, 2024. Coastal Corporation emphasized that this disclosure is being made with abundant caution and compliance.