Trident is planning significant expansion in its spinning, bath linen, and chemicals businesses, allocating Rs 1,450 crore for the project. The plan involves the addition of around 100,000 spindles and 42 looms, requiring an investment of Rs 1,350 crore.
In tandem, Trident will also boost its chemicals business with an additional infusion of Rs 100 crore. The ambitious expansion initiative, set to be completed by March 2024, underscores Trident's strategic business approach, emphasizing collaborations within the industry.
Recently, Trident achieved a milestone by commencing commercial production at its bed-line and co-gen plants, valued at Rs 400 crore. These projects have significantly increased the brand's sheeting capacity and co-generation capabilities. Specifically, the sheeting capacities have witnessed a daily expansion of 55,009 meters, involving an investment of Rs 228 crore. This expansion drive has contributed to a notable increase in the brand's revenues, reaching Rs 17,755 million in Q2FY24.
As a vertically integrated textile and paper manufacturer, Trident holds a prominent position as the flagship company of the Trident Group, a key player in the Indian business landscape with a global footprint. Renowned for its excellence in the home textile business, Trident has earned numerous accolades from customers, vendors, and government entities, recognizing its commitment to high-quality products, social responsibility, and environmental stewardship. The company operates across various segments, including yarn, towels, bed sheets, and paper and chemicals.