Trident Limited Powers Up with New Solar Project in Madhya Pradesh

12 Apr 2024 , 01:40 PM

Trident Limited’s share price rose nearly 1% on April 12 following the announcement of the commissioning of a solar power project in Madhya Pradesh. Currently, the stock is trading at ₹40.20, reflecting a 0.37% decrease compared to the previous close.

The company disclosed in an April 10 filing that it has successfully commissioned a 1.1 MWp-solar power project in Budhni, Madhya Pradesh. Additionally, the total installed capacity of the rooftop plant at the same facility has reached 29.5 MWp.

The power generated from this project will be utilized internally for the manufacturing facilities at Budhni, contributing to the reduction of the company’s carbon footprint.

Trident Group, headquartered in Ludhiana, Punjab, is involved in the manufacturing of yarn, paper and stationery, home textiles such as bed linen and bath linen, as well as chemicals and captive power.

Over the past year, the stock price has witnessed a gain of approximately 24%, while over the last five years, it has surged by around 500%.

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