 "Trident to invest Rs 2400 cr for textile project in Madhya Pradesh")
Trident Limited, one of India’s leading integrated home textile manufacturers, is reportedly making Rs 2400 crore investment in a composite textile project in Budni (Madhya Pradesh), where it recently inaugurated the world’s largest Terry towel plant as a part of its first phase expansion programme.
Now, the company laid the foundation stone on October 7, 2014 for the second phase expansion of its composite textile project comprising of two spinning units, a bed linen unit and a captive power plant. This project will have 500 looms capable of producing 3.6 million meters of bed linen/month, 1.85 lac yarn spindles and 60 MW of captive power. While the captive power plant will be commissioned in September 2016, the bed linen and spinning units are expected to be operational by September 2015; and will add about Rs 1200 crore to Trident’s annual revenue.
“The company shall make a total investment of Rs 2,400 crore for its composite textile project in Budni, Madhya Pradesh, and shall engage about 25,000 families across all its business verticals,” said Trident in a press release. The composite textile project is fully vertically integrated: from cotton-to-terry towel and from cotton-to-bed linen. This will provide the company a natural cushion against variations in cotton and yarn prices. Moreover, Trident will benefit from economies of scale, lower finance cost due to interest subsidy from central and state governments, proximity to ports and easy availability of raw materials.
Trident recently inaugurated its terry towel plant, comprising 300 looms. With this expansion, the installed capacity of Trident has increased to 688 looms capable of producing 90,000 TPA of terry towels, making Trident the largest manufacturer of terry towels in the world. The inauguration of this plant marks the completion of first phase of composite textile project undertaken by the company in Budni, Madhya Pradesh.
Now, the company laid the foundation stone on October 7, 2014 for the second phase expansion of its composite textile project comprising of two spinning units, a bed linen unit and a captive power plant. This project will have 500 looms capable of producing 3.6 million meters of bed linen/month, 1.85 lac yarn spindles and 60 MW of captive power. While the captive power plant will be commissioned in September 2016, the bed linen and spinning units are expected to be operational by September 2015; and will add about Rs 1200 crore to Trident’s annual revenue.
“The company shall make a total investment of Rs 2,400 crore for its composite textile project in Budni, Madhya Pradesh, and shall engage about 25,000 families across all its business verticals,” said Trident in a press release. The composite textile project is fully vertically integrated: from cotton-to-terry towel and from cotton-to-bed linen. This will provide the company a natural cushion against variations in cotton and yarn prices. Moreover, Trident will benefit from economies of scale, lower finance cost due to interest subsidy from central and state governments, proximity to ports and easy availability of raw materials.
Trident recently inaugurated its terry towel plant, comprising 300 looms. With this expansion, the installed capacity of Trident has increased to 688 looms capable of producing 90,000 TPA of terry towels, making Trident the largest manufacturer of terry towels in the world. The inauguration of this plant marks the completion of first phase of composite textile project undertaken by the company in Budni, Madhya Pradesh.