Sharat Industries Limited Expands Operations to Gujarat Through Strategic Agreement

Sharat Industries Limited (BSE: 519397), a leading integrated aquaculture company, is pleased to announce the signing of a strategic agreement with West Coast Frozen Foods Private Limited to commence Merchant Export operations in Gujarat. This collaboration marks a pivotal step in the company's panIndia expansion strategy.

Under this agreement, Sharat Industries will leverage an existing shrimp processing facility located in Olpad, Gujarat, with operations scheduled to commence upon receipt of requisite regulatory approvals during the course of the present quarter.

This expansion will significantly strengthen the company's export capabilities, enhancing its ability to serve key global markets including USA, Europe, China, and broader Asia. The strategic location of the Gujarat facility - close to major western ports - will reduce logistics turnaround time and improve supply chain efficiency. This move also gives the company a platform to expand its product diversity through exports of processed Black Tiger shrimp.

The company estimates incremental revenue generation of over ₹100 crores in the current financial year, stemming from this expansion, which is expected to contribute meaningfully to its growth trajectory.

Commenting on the development, Mr. Sharat Reddy, Executive Director of Sharat Industries Limited, stated: "This partnership is a significant step in our journey to build a geographically diversified and operationally agile presence across India. It enhances our capacity to serve international clients with greater efficiency and strengthens our commitment to delivering diverse, worldclass aquaculture products."

This strategic initiative aligns with Sharat Industries' focus on sustainable practices, valueadded products, and robust export capabilities as it continues to scale operations and create long-term value for stakeholders.

Shares of SHARAT INDUSTRIES LTD. was last trading in BSE at Rs. 112.00 as compared to the previous close of Rs. 110.85. The total number of shares traded during the day was 31980 in over 127 trades.

The stock hit an intraday high of Rs. 116.35 and intraday low of 110.00. The net turnover during the day was Rs. 3593511.00.

Source : Equity Bulls

Keywords

SHARATINDUSTRIES INE220Z01013 Aquaculture Agreement WestCoastFrozenFoods