Trident zooms after its board approves Rs 4,650 crore capacity expansion, modernisation plan
Trident is currently trading at Rs. 23.55, up by 1.35 points or 6.08% from its previous closing of Rs. 22.20 on the BSE.
The scrip opened at Rs. 23.11 and has touched a high and low of Rs. 25.18 and Rs. 22.64 respectively. So far 8571786 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 30.85 on 03-Feb-2026 and a 52 week low of Rs. 20.15 on 23-Oct-2026.
Last one week high and low of the scrip stood at Rs. 25.18 and Rs. 20.90 respectively. The current market cap of the company is Rs. 11929.63 crore.
The promoters holding in the company stood at 73.68%, while Institutions and Non-Institutions held 3.50% and 22.83% respectively.
Trident has secured approval for the capacity expansion and modernisation project of Rs 4,650 crore across its business segments. The board of directors of the company, at its meeting held in November 02, 2026, has approved the same. Under the capacity expansion and modernisation initiative, the company is planning add capacity of 99,840 Spindles at the existing yarn manufacturing facility at Budhni, Madhya Pradesh, along with modernization and replacement of older machinery as 48,000 old Spindles being modernized to 70,176 New Spindles on finer counts and 960 old rotors being replaced with 2,400 new rotors. The estimated investment required for the project is Rs 1,022 crore. The capacities are expected to be added by December 31, 2027.
Further, the board has approved setting up of a new yarn manufacturing facility at Dhar, Madhya Pradesh, with a capacity of 1,99,680 spindles, for which it has already acquired 179.2 acres of leasehold land at a cost of around Rs 106.09 crore. The investment required for the project is Rs 1660 crore. The capacities are expected to be added by September 30, 2029. Besides, the company is planning to expand its sheeting business through addition of 336 looms with an investment of Rs 1018 crore. The new looms are expected to be commissioned by January 31, 2028.
Moreover, the company is planning to enhance its paper manufacturing capacity by 28 TPD with an investment of Rs 296 crore. The capacities are expected to be added by March 31, 2028. Additionally, the company is planning to setting up of 60 MW Hybrid Renewable Energy Project comprising 60 MW Wind Power and 20 MW Solar Power (AC) to support sustainable operations and improve energy efficiency. The investment required for the project is Rs 654 crore.
The proposed projects are expected to strengthen the company's existing market position, enhance operational capabilities, support sustainable and environmentally responsible operations, improve energy efficiency and further augment its presence in domestic and international markets.
