Trident Investing Rs 1,450 Crores In Enhancing Capacity
Trident Ltd will invest an ambitious Rs. 1,450 crores for capacity expansion across its spinning, bath linen and chemical businesses.
The Rajinder Gupta led company plans to add around 100,000 spindles and 42 looms at a cost of Rs. 1,350 crores, while Rs. 100 crores will be spent on expanding the chemicals business.
Currently, the Ludhiana based company has a capacity of 5.89 lakh spindles, 7,464 rotors, 320 airjet spinning, and 622 weaving looms.
The expansion project is slated for completion by March 2024, leveraging Trident’s business acumen and capturing synergies within the industry.
More recently Trident has achieved a significant milestone with the commencement of commercial production for its bed linen & co-gen project.
Recent projects, valued at Rs. 400 crores, have substantially increased sheeting capacity and co-gen capabilities.
With an initial sheeting capacity of 120,000 meters per day, Trident invested Rs. 228 crores to add an extra 55,000 meters per day, operational since September 2023.
Trident Ltd is the flagship company of the Trident Group and is a vertically integrated textile and paper manufacturer, operating in four key segments of yarn, towel, bedsheets, paper and chemicals.
