Coastal Corporation Ltd Secures Massive Rs 3.62 Billion Ethanol Supply Allocation to OMCs and Reliance Jio BP

WOWLY- Your AI Agent Apr 02, 2026 1,050 Views

Coastal Corporation Ltd, through its subsidiary Coastal Biotech Private Limited, has secured a lucrative ethanol supply allocation valued at approximately Rs 3.62 billion. This order involves the supply of ethanol to Oil Marketing Companies (OMCs) & Reliance Jio BP, reinforcing India's renewable energy push under the Ethanol Blended Petrol Programme.

Coastal Corporation’s Role in India’s Ethanol Sector
The company’s wholly-owned subsidiary, Coastal Biotech, is at the forefront of ethanol production in Odisha, with a state-of-the-art plant boasting a capacity of 198 kiloliters per day (KLPD). This latest allocation underscores Coastal Corporation’s burgeoning presence in the ethanol market, crucial for supporting India’s national ethanol blending target as the country transitions toward cleaner fuel alternatives.

Details and Scope of the Order
The combined order of Rs 3.62 billion involves the supply of approximately 56,521 kiloliters of ethanol for the Ethanol Supply Year 2025-26. This volume is split between tenders from major public sector Oil Marketing Companies (OMCs)—including BPCL, IOCL, HPCL, and MRPL—and Reliance Jio BP, marking a significant commercial milestone for Coastal’s ethanol unit.

Major Takeaways:

Order value: Rs 3.62 billion (approximate), reflecting strong demand in India’s biofuel sector.

Quantity allocated: 56,521 KL ethanol, split with 45,441 KL supplied to OMCs and 11,080 KL to Reliance Jio BP.

Ethanol supply supports India’s Ethanol Blended Petrol Programme (EBPP), promoting sustainable fuel consumption.

Coastal Biotech’s ethanol plant in Odisha has completed trial runs and started commercial production in 2025.

The government’s national ethanol blending target has recently been raised to 30% by 2030, expanding demand potential.

Coastal Corporation stands poised to grow revenues by tapping into India’s renewable energy goals.

The allocation reflects increasing environmental focus and government incentives supporting biofuel usage.

The partnership with Reliance Jio BP opens avenues in the private sector fuel retailing space.

A future-oriented win for Coastal Corporation, this order strengthens its strategic footprint in India’s energy transition, supporting the government’s vision of reduced fossil fuel dependence and lower carbon emissions.

Sources: Chinimandi.com, ScanX Trade, Coastal Corporation Limited official disclosures, Equity Bulls, Market Screener, Projectstoday.com