### **Overview** Coastal Corporation Limited, originally incorporated as Coastal Trawlers Ltd in 1981 and renamed in subsequent years, is a leading Indian seafood exporter specializing in premium shrimp products. Headquartered in Visakhapatnam, Andhra Pradesh, the company operates as a 100% Export-Oriented Unit (EOU), serving over 13 international markets across North America, Europe, Asia, and the Middle East. With a vertically integrated model, global certifications, and a strong focus on value-added processing, Coastal Corporation is recognized as one of the **top ten global players** in shrimp processing and distribution. --- ### **Core Business & Product Portfolio** Coastal Corporation specializes in the processing and export of high-quality shrimp, offering a diverse range that meets both standard and premium market demands. #### **Key Products:** - **Raw & Cooked Shrimp:** Available in frozen block and Individually Quick Frozen (IQF) formats. - **Processing Types:** - Headless Shell-On, Easy Peel, Peeled Deveined (PDTO, PD), Peeled Undeveined (PUD) - Butterfly, Skewered, Nobashi, Breaded Shrimp, Shrimp Rings, Pop Corn Shrimp - **Ready-to-Eat & Ready-to-Cook:** Cooked In-Shell, Cooked PDTO/PD, Marinated, and Fried variants. #### **Primary Varieties:** - **Black Tiger (Penaeus monodon)** - **Vannamei (Litopenaeus vannamei)** #### **Brands:** Marketed under trusted labels including: - **Coastal** - **Coastal Premium** - **Coastal Gold** - **Jewel** - **President** These brands are recognized for quality in key markets such as the **USA, Europe, Canada, Japan, China, Hong Kong, South Korea, UAE, and Russia**. --- ### **Manufacturing & Operational Infrastructure** Coastal Corporation operates **three advanced processing facilities** strategically located in prime aquaculture zones along the Andhra Pradesh coastline: - **Visakhapatnam (Units I & II)** - **Kakinada Special Economic Zone (Unit III)** #### **Total Combined Capacity (as of 2025):** - **Freezing:** 71 metric tons per day (MT per day) - **IQF Lines:** 55.5 MT/day - **Plate Freezers:** 27.5 MT/day - **Cooking Capacity:** Up to 12–15 MT/day - **Additional Capabilities:** Breading lines, Nobashi processing, marination, and skewering The Kakinada facility, located within the KSEZ, is fully operational and certified by the **U.S. FDA, EU, and HACCP**, ensuring compliance with the highest international food safety standards. #### **Expansion Projects & Greenfield Investments:** - **Odisha Expansion:** - New shrimp processing unit under **Continental Fisheries India Ltd** in **Haridamada, Khurda** (4.28 acres, ₹42 crore capex). - To add **12 MTPD** of value-added processing capacity. - **Integrated Cold Chain Project (Kakinada SEZ):** - 10-acre facility with an added **35 MTPD capacity** for value-added products. - Already doubled overall processing capabilities post-completion in early 2022. --- ### **Sustainability & Energy Efficiency** The company is committed to environmentally sustainable operations: - **3.6 MW Captive Solar Power Plant** operational in **Dowleswaram, Srikakulam**, reducing per-unit power cost from ₹7–8 to ₹3–4. - Annual energy savings of approximately **₹4 crore**. - Supports **green energy transition**, lowers carbon footprint, and enhances ESG credentials. --- ### **Subsidiaries & Strategic Diversification** Coastal Corporation has diversified beyond core seafood operations to strengthen long-term resilience and revenue streams. #### **Wholly Owned Subsidiaries:** 1. **Seacrest Seafoods Inc. (USA):** - Based in Delaware, facilitates direct sales into the **U.S. market**. - Generated positive earnings but reported **net negative profitability** in the review period due to initial setup costs. - Backed by $3 million investment; enhances market access and customer engagement. 2. **Continental Fisheries India Limited:** - Focuses on marine product sourcing and exports. - Driving expansion with new processing units in **Odisha**, including facilities in **Deras and D Polavaram**. 3. **Coastal Biotech Private Limited:** - Located in Paralakhemundi, **Odisha**. - Operates a commercial-scale **ethanol plant with 198 kiloliters per day (KLPD)** capacity. - Part of the company’s strategic shift into **biofuels**, aligning with India’s ethanol blending and green energy initiatives. - Represents capitalization on government incentives and energy sector opportunities. --- ### **Growth Strategy & Market Diversification** Coastal Corporation is actively reducing reliance on the U.S. market (historically a major destination) through aggressive global expansion. #### **Key Initiatives:** - **Strategic International Partnerships:** - **Toyo Reizo Co. Ltd (Japan)** — subsidiary of **Mitsubishi Corporation** (~1,700 group companies), enabling access to premium Asian markets. - **SPC GFS Co. Ltd (South Korea)** — strengthens presence in the Korean foodservice and retail sectors. - **Market Expansion:** Targeting **Japan, South Korea, Europe, China, and Russia** to diversify export revenue base. - **Value-Added Focus:** Increasing production share of higher-margin products such as butterfly shrimp, breaded items, skewers, and ready-to-eat formats. --- ### **Technology & Operational Upgrades** To enhance efficiency and scalability, the company is investing in technology: - **ERP Implementation with TCS Ltd** — integrating finance, HR, procurement, and supply chain operations. - **Advanced Processing Technologies:** Use of IQF tunnels, plate freezers, blast freezers, automated breading lines, and Nobashi processing to ensure freshness, quality, and consistency. - Emphasis on **end-to-end traceability** from sourcing to packaging. --- ### **Leadership & Governance** - **Managing Director & Vice-Chairman:** **Mr. T. Valsaraj**, promoter with nearly **40 years of experience** in global marine exports. - **Promoter Holding:** ~41.09% (as of March 2022); rest held by public investors. - Leadership has driven strategic pivots in diversification, technology, and sustainability. --- ### **Awards & Recognition** - Recipient of the **Export Excellence Award** (Top Multi Product Exporter, Andhra Pradesh) from the **Federation of Indian Export Organizations (FIEO)** in 2022. - Consistently ranked among India’s **top shrimp exporters**, particularly to the U.S. --- ### **Long-Term Strategic Pillars (2025 and Beyond)** 1. **Innovation via R&D:** Enhancing value-added product development. 2. **Customer-Centric Production:** Customization based on regional culinary preferences. 3. **Market Diversification:** Reduce dependence on U.S., grow presence in Asia and Europe. 4. **Environmental Sustainability:** Green energy adoption, eco-friendly aquaculture practices. 5. **Operational Excellence:** Leverage ERP, solar power, and automation for cost and efficiency gains. ---