Textile and paper manufacturer Trident Ltd has approved its expansion and modernization plan across its yarn, paper, sheeting, and renewable energy business. The plan is worth an estimated 4,650 INR-Crore.
Trident expansion includes setting up a new yarn manufacturing facility at Dhar in Madhya Pradesh with a capacity of 199,680 spindles. Additionally, it will add 99,840 spindles at its existing Budhni facility and modernize older machinery. The projects are scheduled for completion in phases between December 2027 and September 2029. Moreover, in the paper business, Trident will increase manufacturing capacity by 28 Tonnes Per Day (TPD), moving the proposed capacity to 507 TPD from 479 TPD
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Furthermore, the company has acquired an anticipated 179.2 Acres of leasehold land for the Dhar facility, forming part of the Trident expansion. The company has also approved an expansion of its sheeting business through the addition of 336 looms, taking the proposed total capacity of 840 looms from the existing 504 looms. 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.
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