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Textile and paper manufacturer Trident Ltd on Monday (November 2) said it has approved a ₹4,650 crore capacity expansion and modernisation plan across its yarn, sheeting, paper and renewable energy businesses
The expansion includes setting up a new yarn manufacturing facility at Dhar in Madhya Pradesh with a capacity of 1,99,680 spindles, adding 99,840 spindles at its existing Budhni facility and modernising older machinery. The projects are expected to be completed in phases between December 2027 and September 2029.
At the Budhni facility, Trident will modernise 48,000 old spindles into 70,176 new spindles for finer counts and replace 960 old rotors with 2,400 new rotors. The company will also add 99,840 spindles to the existing facility.
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For the new Dhar facility, Trident has already acquired 179.2 acres of leasehold land at a cost of approximately ₹106.09 crore. The company has also approved an expansion of its sheeting business through the addition of 336 looms, taking the proposed total capacity to 840 looms from the existing 504 looms.
In the paper business, Trident will increase manufacturing capacity by 28 tonnes per day (TPD), taking the proposed capacity to 507 TPD from 479 TPD.
Additionally, the company will set up a 60 MW hybrid renewable energy project comprising 60 MW of wind power and 20 MW of solar power (alternating current). This will be in addition to its existing solar capacity of 57.3 MW DC peak.
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The expansion will be financed through internal accruals and debt.
Trident said the proposed projects are expected to strengthen its existing market position, enhance operational capabilities, support sustainable and environmentally responsible operations, improve energy efficiency and expand its presence in domestic and international markets.
The company also disclosed that the existing capacity utilisation stands at 94% at its Budhni yarn facility, 58% in sheeting, 81% in paper and 100% in its existing solar power operations.
Shares of Trident Ltd ended at ₹22.20, up by ₹1.02, or 4.82%, on the BSE.
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