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Coastal Corporation undertakes Rs 61 crore expansion project

Capital Market 

To set up pre processing unit, new processing line and solar power plant

Coastal Corporation has embarked upon an expansion drive of around Rs 61 crore. The company has chalked out plan to set up a preprocessing unit, new processing line and solar power plant. The company and through its subsidiary has commenced work on its pre-processing unit at Kakinada. The unit is expected to de-bottleneck its existing capacity and augment its existing capacity utilization. The unit would help the company in increasing its processed shrimps' volumes by 15 tonnes per day.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 09 2019. 18:30 IST