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Trident Stock Reaches A New Peak Along With Increase In Production

Published: September 14, 2021
Author: Manali bhanushali
During August 2021, Trident Limited manufactured 4,920 metric tonnes of Bath Linen in the Home Textiles Division. During the same month, the company also produced 3.1 metric tonnes of bed linen and 11,103 metric tonnes of yarn in the same division.
In August 2021, the company produced 14,721 metric tonnes of paper and 8,930 metric tonnes of chemicals in the Paper & Chemicals Division. Trident Ltd was trading at Rs25.60 a piece at around 11.20 a.m., up Rs0.1 or 0.39 percent from its previous closing price of Rs25.50 per piece on the BSE. The stock reached a new 52-week high of Rs26.40 per piece on monday.
On Thursday, the corporation announced that its board of directors had authorised the capacity increase proposal.
The anticipated capacity augmentation for the yarn industry is 98,496 spindles and 3,600 rotors, for the sheeting business is 70,000 metres per day, and for the energy business is 16.3 MW for its cogen plant. The textile company’s existing capacity in the yarn sector was 589,248 Spindles, 7,464 Rotors, and 160 Air Jet, while its capacity in the sheeting segment was 120,000 metres per day and the cogen plant was 49.4 MW.

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