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Trident shines on getting environment clearance to expand paper mill

29 Aug 2016 Evaluate

Trident is currently trading at Rs. 58.50, up by 2.50 points or 4.46% from its previous closing of Rs. 56.00 on the BSE.

The scrip opened at Rs. 57.85 and has touched a high and low of Rs. 61.20 and Rs. 56.90 respectively. So far 1307612 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.00 on 03-Dec-2015 and a 52 week low of Rs. 29.60 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 61.20 and Rs. 45.40 respectively. The current market cap of the company is Rs. 2996.33 crore.

The promoters holding in the company stood at 66.49%, while institutions and non-institutions held 2.61% and 30.90% respectively.

Trident has received environment clearance from the Environment Ministry for expansion of its Rs 440 crore paper mill project in Barnala district of Punjab. The company has proposed upgradation of paper machines to increase production of paper from 1,35,000 tonnes per annum (TPA) to 2,10,000 TPA and increase captive co-generation plant from 45.9 MW to 90.9 MW.

The clearance to the project has been given subject to certain conditions. No additional land would be required and the company is likely to employ 100 people.

Trident Group has a textile mill as well as a sulphuric acid plant. Trident Group has a textile mill as well as a sulphuric acid plant. The group is a $1 billion enterprise with a head account of over 10,000 and provides indirect employment to 20,000 people.

Trident Share Price

26.04 -0.23 (-0.88%)
05-May-2026 13:44 View Price Chart
Peers
Company Name CMP
Trident 26.04
Filatex India 44.97
Nitin Spinners 506.50
Nahar Spinning Mills 270.40
Sanathan Textiles 449.35
View more..

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