New Launch19 Feb 2025, 10:35 pm
Coastal Biotech Initiates Boiler Firing at Ethanol Plant in Odisha
AI Summary
Coastal Biotech Private Limited, a wholly owned subsidiary of Coastal Corporation Ltd., has initiated the slow firing of the boiler at its ethanol plant located in Maringi Village, Paralakhemundi, Odisha. The commercial production of ethanol is expected to begin before the end of this financial year, as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Coastal Biotech Private Limited has started the slow firing of the boiler at its ethanol plant in Odisha.
- The ethanol plant is located in Maringi Village, Paralakhemundi, Odisha.
- Commercial production of ethanol is scheduled to begin before the end of the current financial year.
- This disclosure is in accordance with Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The announcement is a positive step towards Coastal Biotech's ethanol production goals.