Trident produces 11,103 tons of yarn and 4,920 metric tons of Bath Linen in August 2021; Stock hits new high

The board of directors has approved the capacity expansion plan on Thursday.

Sep 13, 2021 11:09 IST India Infoline News Service

Trident Limited produced 4,920 metric tons of Bath Linen in the Home Textiles Division during August 2021. The company also produced 3.1 metric tons of Bed Linen and 11,103 metric tons of Yarn in the same division during the same month.

In the Paper & Chemicals Division, the company produced 14,721 metric tons of paper in August 2021 and 8,930 metric tons of chemicals in the same month.

At around 11.20 am, Trident Ltd was trading at Rs25.60 per piece up by Rs0.1 or 0.39% from its previous closing of Rs25.50 per piece on the BSE. The stock hit fresh 52-week high of Rs26.40 per piece on Monday.

The company informed the exchanges on Thursday that its board of directors has approved the capacity expansion plan.

The proposed capacity addition for the yarn business is 98,496 Spindles and 3,600 Rotors, and the sheeting business is 70,000 metres per day, while the company also proposed a capacity addition of 16.3 MW for its cogen plant in the energy business.

The textile player’s existing capacity stood at 589,248 Spindles, 7,464 Rotors and 160 Air Jet for its yarn segment, while its capacity in the sheeting segment was currently at 120,000 metres per day and the cogen plant was at 49.4 MW.

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