Coastal Corporation inks MoU with Central Institute of Brackish Water Aquaculture; Stock soars ~2.5%

18 May 2022 , 10:35 AM

Coastal Corporation Ltd has informed that the Company has entered into an MOU with the Central Institute of Brackish water Aquaculture of Indian Council of Agricultural Research, having its office at 75, Santhome High Road, Raja Annamalai Puram, Chennai-600028, with a view take up the business of Shrimp Larva Feed Production.

At around 10:39 AM, Coastal Corporation was trading at Rs333.55 apiece up by Rs7.85 or 2.41% from its previous closing of Rs325.70 apiece on the BSE.

The scrip opened at Rs335.45 and has touched a high and low of Rs336.30 and Rs331.90 respectively so far today. The current market cap of the company is Rs377.12cr.