Trident gets nod to expand Yarn segment

13 May 2019 Evaluate

Trident’s board has approved the expansion of Yarn segment by installation of 1,62,432 spindles and 3,600 Rotors including other balancing equipment to manufacture approximately 48482 TPA of 100% cotton yarn at Budni, Madhya Pradesh.

The project is expected to begin commercial operations with effect from January 2021. The proposed project shall help to strengthen the existing home textile units of company and shall further increase the market presence. The Board of directors of the company at its meeting held on May 13, 2019 has approved for the same.

Trident is one of the largest exporters of Home Textile products from India. The company exports to more than 100 countries across 6 continents.

Trident Share Price

36.54 -0.31 (-0.84%)
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Peers
Company Name CMP
Trident 36.54
Filatex India 58.50
Sutlej Textiles&Inds 50.30
Nahar Spinning Mills 267.00
Nitin Spinners 320.85
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