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Expansion

Green Asia Impex Starts Work on ₹51.27 Cr Andhra Pradesh Seafood Facility

Green Asia Impex Limited has officially commenced the construction of its new seafood processing facility in East Godavari, Andhra Pradesh, following a Bhoomi Pooja ceremony on October 30, 2026. The project is a central pillar of the company's strategy to double its shrimp processing capacity and expand its global export footprint.

Top view of dried shrimp and fish on a bamboo tray, ideal for culinary themes. Stock photo illustrating Green Asia Impex's expansion story.
Photo: Leovan Spencer Leysa / Pexels
Key numbers
Market Cap ₹143.17 CrSmall Cap
P/E Ratio 9.17Sector 22.77
Promoter Holding 64.91%Zero Pledges
1-Year Return -24.66%GREENASIA

Key highlights

  • Groundbreaking ceremony held at Chinnayagudem, East Godavari, on October 30, 2026
  • Estimated project cost of ₹51.27 crore as per recent regulatory filings
  • Processing capacity set to expand by 11,100 MTPA to reach a total of 21,900 MTPA
  • Commercial operations and plant commissioning targeted for completion by Fiscal 2029
  • Facility designed to enhance shrimp processing capabilities for international markets

Groundbreaking at Chinnayagudem Facility

Green Asia Impex Limited has formally initiated the development of its new processing facility in East Godavari, Andhra Pradesh, following the Bhoomi Pooja ceremony held on October 30, 2026. Located across Khata Numbers 1475 and 1477 in Chinnayagudem, Devarapalli, the site represents a major strategic hub for the company's domestic and international operations. This project is designed to integrate advanced manufacturing capabilities into the existing infrastructure, allowing the firm to strengthen its operational presence in a key seafood-producing region.

The initiative aligns with a broader strategy to scale processing activities to meet rising global demand for processed shrimp and related food products.

Scaling Operations to 21,900 MTPA

  • Total investment for the Chinnayagudem facility is projected at approximately ₹51.27 crore
  • Installed processing capacity is expected to increase by 11,100 MTPA upon completion
  • The combined operational capacity will reach 21,900 MTPA from the current 10,800 MTPA
  • Commercial operations and plant commissioning are currently targeted for Fiscal 2029
  • The facility will focus on enhancing shrimp processing for export to newer global regions
  • Construction follows the company's identification of a demand pipeline 2x to 3x its current capacity

Capital Expenditure and Market Position

The expansion comes at a time when Green Asia Impex maintains a lean valuation with a P/E ratio of 9.17x, significantly lower than the industry average of 35.19x. With a market capitalization of ₹143.17 crore, the ₹51.27 crore investment represents a significant commitment relative to the company's size, effectively deploying capital to double its production output. While the company typically operates on short-cycle purchase orders for frozen shrimp and dried chilli, the creation of this permanent infrastructure indicates a shift toward long-term capacity building.

Financial performance in FY2026 showed robust revenue of ₹383.80 crore and a net profit growth of 50.8%, providing a solid foundation for this capital expenditure.

Green Asia Impex · share price, past month
Earlier announcements by Green Asia Impex
DateAnnouncementAmount
24 Sep 2026Setting up a new seafood processing facility at Chinnayagudem Village, Andhra Pradesh to expand processing capacity to 21,900 MTPA (RHP filing)Source: greenasiaimpex.com₹51.27 Cr
26 Feb 2026Proposed capital expenditure for establishing a new seafood processing facility at Chinnayagudem, Andhra Pradesh (DRHP filing)Source: NSE filing₹50.78 Cr

What to watch next

  • Commissioning and commercial operations of the Chinnayagudem plant in Fiscal 2029
  • Half-year financial results for the period ending September 30, 2026
  • Expansion of the export order book for processed shrimp in newer global regions
Green Asia Impex · financial snapshot
Share price₹67.05
Market capitalisation₹143.17 Cr
Revenue (annual)₹383.80 Cr
Net profit (annual)₹15.61 Cr
P/E (TTM)9.17×Sector 22.77×
Promoter holding64.91%
FII holding10.63%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Green Asia Impex Limited announcing the Bhoomi Pooja for its new facility in Andhra Pradesh. Market figures from a third-party data provider.

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