Coastal Corporation Limited announced that it started work on its Ethanol Plant. Coastal Biotech Private Limited, a wholly owned subsidiary of Coastal Corporation Limited will set up an ethanol project with an installed capacity of 198,000 KLPD spread across 30 acres of land at an estimated capex of INR 1,500 million. The plant is likely to commence production by March 2023. The Engineering, Procurement and Construction (EPC) contract is given to Excel Engineering, Pune.