Trident gains on commissioning yarn spinning unit at Sanghera facility, Barnala

07 Feb 2012

Trident is currently trading at Rs. 11.66, up by 0.08 points or 0.69% from its previous closing of Rs. 11.58 on the BSE.

The scrip opened at Rs. 11.77 and has touched a high and low of Rs. 11.80 and Rs. 11.58 respectively. So far 3660 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.87 on 06-Apr-2011 and a 52 week low of Rs. 9.01 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 11.80 and Rs. 10.81 respectively. The current market cap of the company is Rs. 325.49 crore.

The promoters holding in the company stood at 54.55% while Institutions and Non-Institutions held 2.91% and 42.53% respectively.  

Trident (TL), the leading textile player has commissioned new yarn spinning unit (TYS-5) with an installed capacity of 65,280 spindles at its Sanghera facility in Barnala (Punjab). The expansion project of the yarn spinning facilities is being implemented in a phased manner, which envisages setting up of 275,904 spindles and 2,040 rotors including other balancing equipments at a total cost of Rs 1,117 crore.

The company aims to complete project by the third quarter of 2013. It has increased total yarn spinning capacity to 289,728 spindles with this commissioning. The new plant is equipped with latest state of the art technology and manufactures combed yarn in the count range of 20s to 40s. It uses the latest link system; automatic roving transport and auto waste collection systems ensuring more productivity, process consistency & security and reduces the human touch.

Trident is the flagship company of Rs 3,600 crore, Trident Group, India. The company is committed to position itself as most reliable global company in textiles segment. The company deploys state of the art manufacturing technology coupled with appropriate human capital, systems for impeccable service levels and exports to more than 75 countries around the world.

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Trident Share Price

13.77 -0.05 (-0.36%) Mar 01, 18:43
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