Trident Ltd commissions expanded capacity of sheeting business and co-gen power plant

Trident Ltd has announced that the existing capacity of the Sheeting Business and Co-Gen Power Plant at Budhni, Madhya Pradesh, has been enhanced with effect from September 27, 2023.

The Sheeting capacity has been increased from 1,20,000 Meters/Day with 66.3% utilization to 1,77,000 Meters/Day by adding new capacity of 55,000 Meters/Day. The funding for this project was done through External Borrowings (INR 170 Crores) and Internal Accrual (INR 58 Crores).

The Co-Gen Power Plant capacity has been increased from 49.4 MW to 65.7 MW with addition of 16.3 MW at an outlay of Rs. 169 crores. The project was funded through External Borrowings (INR 120 Crores) and Internal Accrual (INR 49 Crores).

Shares of Trident Limited was last trading in BSE at Rs. 38.01 as compared to the previous close of Rs. 37.66. The total number of shares traded during the day was 1578855 in over 6871 trades.

The stock hit an intraday high of Rs. 38.19 and intraday low of 37.45. The net turnover during the day was Rs. 59504024.00.

Source : Equity Bulls

Keywords

Trident INE064C01022 CapacityExpansion SheetingBusiness Co-GenPowerPlant