Coastal Corp subsidiary secures significant ethanol supply orders for ESY 2025-26

Coastal Biotech Private Limited, a subsidiary of Coastal Corporation Limited, has secured significant ethanol supply orders for the Ethanol Supply Year (ESY) 2025-26. The company participated in tenders floated by Oil Marketing Companies (OMCs) and Reliance Jio BP, resulting in an allocation of 45,441 kiloliters from OMCs and an additional 11,080 kiloliters from Reliance Jio BP.

The total allocated quantity for ethanol supply stands at 56,521 kiloliters. This supply is slated for various locations across the country, with an estimated combined order value of approximately Rs. 361,73,44,000 (excluding GST). The OMCs involved in these allocations include Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, and Mangalore Refinery And Petrochemicals Limited.

These allocations fall under the Ethanol Blended Petrol Programme (EBPP) and represent a domestic supply arrangement. The company confirmed that no promoter, promoter group, or group companies have any interest in the entities that awarded these orders.