Essex Marine Ltd Completes Major Expansion of Seafood Processing Unit in Shankarpur

Essex Marine Ltd Completes Major Expansion of Seafood Processing Unit in Shankarpur​

Essex Marine Ltd has successfully achieved significant operational milestones, completing major enhancements and capacity expansions at its processing unit located in Shankarpur. The developments mark a substantial advancement for the integrated seafood player.

The Company announced the completion of two key initiatives: the expansion of existing peeling capacity and the addition of a specialized "Ready-to-Cook" section. This new ready-to-cook capability integrates blanching processes directly into the existing operational line at the Shankarpur facility.

The expanded facility has been developed incorporating modern infrastructure and is designed to meet international standards. As part of the overall project plan, the construction of workers' quarters above the Peeling unit has also been finalized.

Essex Marine Ltd confirmed that trial production at the newly expanded facility has been successfully completed, signifying a major step towards achieving full operational readiness. The company is currently in the process of completing requisite regulatory formalities and is preparing to submit necessary applications and documentation to the Export Inspection Agency (EIA) for obtaining approvals required to commence commercial production.

Commenting on the achievement, Debasish Sen, Promoter and Managing Director of the Company, stated, "We are delighted to have achieved this important milestone in line with the objectives outlined in our Prospectus. This expansion strengthens our operational capabilities and lays a solid foundation for the Company's next phase of growth."

Essex Marine Ltd is a modern seafood processing and exporting company that operates across the processed frozen fish and shrimp supply chain. The company serves as an integrated player, handling everything from raw fish and shrimp procurement to processing and overseas distribution to its customers. Under its brand name "Essex," the company exports frozen fish and shrimps from India to markets including China, Europe, and Israel. With a history spanning over 16 years, the firm also operates a dry and cold store centrally located in Kolkata for storing various frozen food items.

Essex Marine Ltd has a BSE Scrip Code of 544475.

Stock Price Movement​

Essex Marine Ltd shares settled at ₹31.50 on Friday, reflecting a 3.05% decline for the session. The stock saw significant movement throughout the day, trading between an intraday low of ₹31.00 and a high of ₹32.00.

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