Trident Group commissions solar power plant at Budhni, MP; Stock gains over 1%

23 Sep 2022 , 09:17 AM

Trident has announced that it has completed Solar Power Project of 8.87 MWp at Budhni, Madhya Pradesh out of which commissioning of 5.48 MWp Solar Power Plant (Phase I) for captive use has been successfully completed.

Further, the remaining 3.39MWp Solar Power Plant (Phase II) is expected to be commissioned within next 15 days. The Group aims to use renewable and clean energy for reducing carbon emission.

“The power generated from this Solar Power Project shall be consumed captively in manufacturing facilities located at Budhni, Madhya Pradesh resulting in considerable savings for the Company”, the company said in a filing.

At around 9:17 AM, Trident Ltd is currently trading at Rs38.40 per share up by Rs0.55 or 1.45% from its previous closing of Rs37.85 per share on the BSE.

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