Coastal Corporation expands seafood exports to Russian markets

Coastal Corporation Limited, a government-recognized three-star export house, announced today that it has received approval from the Ministry of Agriculture of the Russian Federation. This crucial approval, granted through the Federal Service Veterinary and Phytosanitary Control (Rosselkhoznadzor), permits two of Coastal Corporation’s processing units to export seafood products to Russian markets. The company, headquartered in Visakhapatnam, India, highlighted this as a key milestone in its strategy to expand international presence.

The approval is expected to significantly enhance Coastal Corporation’s export capabilities and contribute positively to its revenue growth. This development aligns with the company’s commitment to quality standards and its broader objective of expanding its global footprint. The company expressed confidence that this new market access will open new business opportunities and strengthen its position in the global seafood export sector.

This information has been disclosed in compliance with applicable regulations and guidelines stipulated under the Securities and Exchange Board of India (SEBI). Swaroopa Meruva, company secretary, signed the intimation on behalf of Coastal Corporation Limited.