You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Trident slips after announcing fire outbreak in Budhni

Capital Market 

Trident declined 2.72% to Rs 13.60 after the company said that a major fire has been broken out on Monday in the cotton warehouse located in the manufacturing facilities at Budhni, Madhya Pradesh.

Trident in an exchange filing made after market hours on Monday announced that the fire has resulted in major damage of stocks of cotton, lying in the warehouse. The actual quantum of loss/damage cannot be ascertained at this point of time.

The company said that it is proactively monitoring the situation and taking necessary steps for the safety and well-being of the manpower. Furthermore, the company said the loss/damage is adequately covered by insurance and it has informed the insurance company about the fire Incident.

Punjab-based Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 06 2021. 09:15 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU