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Trident Ltd.

BSE: 521064 Sector: Industrials
NSE: TRIDENT ISIN Code: INE064C01022
BSE 12:36 | 22 Oct 7.96 -0.01
(-0.13%)
OPEN

7.99

HIGH

8.12

LOW

7.86

NSE 12:29 | 22 Oct 7.95 0
(0.00%)
OPEN

8.00

HIGH

8.10

LOW

7.85

OPEN 7.99
PREVIOUS CLOSE 7.97
VOLUME 1119683
52-Week high 8.57
52-Week low 3.05
P/E 17.69
Mkt Cap.(Rs cr) 4,056
Buy Price 7.95
Buy Qty 29148.00
Sell Price 7.96
Sell Qty 5370.00
OPEN 7.99
CLOSE 7.97
VOLUME 1119683
52-Week high 8.57
52-Week low 3.05
P/E 17.69
Mkt Cap.(Rs cr) 4,056
Buy Price 7.95
Buy Qty 29148.00
Sell Price 7.96
Sell Qty 5370.00

Trident Ltd. (TRIDENT) - Company History

Trident Limited a part of USD 1 billion Trident Group is headquartered in Ludhiana Punjab. Established in the year 1990 the Company has evolved as a global textile player under the visionary leadership of its founder chairman Mr Rajinder Gupta a first generation entrepreneur. Trident Limited is a leading manufacturer of Yarn Bath Linen Bed Linen Wheat Straw-based Paper Chemicals and Captive Power. The Company has state-of-the-art manufacturing facilities in Barnala (Punjab) and Budni (Madhya Pradesh). The Company has a strong clientele in 100 countries across the globe. As on 31 March 2019 the Company had two subsidiaries - Trident Global Corp Limited the Indian wholly owned subsidiary and Trident Europe Limited the overseas wholly owned subsidiary. Trident Global Corp Limited majorly serves as the Retail Arm of the Company. It is the face of the Company in the domestic markets. Further Trident Europe Limited provides the proximity to the European Markets & enhances the Brand Presence of the Company.The company's Yarn plant which produces both cotton and acrylic yarn is located at Sanghera Punjab. This unit was financed by the public issue in Oct. 1992. Its products are used in hosiery products textiles fabrics etc. The company has an agreement with Sagatex International UK for marketing and exporting its cotton production upto 50%.The company's Second Unit i.e Unit II has an installed capacity of 43392 Spindles for manufacture of dyed cotton melange acrylic and blended yarn besides carded and combed cotton yarn. The Unit II project which has been divided into parts the first phase of 36288 Spindles has started commercial production from 1st July 1999. The cost of project amounts to Rs 95 crores which was financed by term loans rights issue and internal accruals.During 1999-2000 the company got the status of Government Recognised Trading House and the quality of the products was well accepted in the international market. During 2002 Varinder Agro was merged with company. The shareholders of Varinder Agro were allotted 70 equity shares in Abhishek Industries for every 24 shares held.During the year 2003 ABIL expanded all its core business with an additional outlay of about Rs 9120 million.It was in the advanced stage of implementation of a Rs 3000 million expansion in Textiles which will be operational bt July 2004. A capacity of 100 million pieces per annum and a corresponding modernisation and expansion of spinning operation the unit will among the top 5 manufacturers in the world. Also the company has undertaken expansion in Pulp & Paper Chemical Recovery & Co-generation at a capital outlay of Rs 6120 million which will be fully operational by early 2006.During the year 2014 year the Hon'ble High Court for the states of Punjab and Haryana at Chandigarh approved the Scheme of Amalgamation of Trident Corporation Limited with the Company vide its Order dated March 14 2014. Accordingly the Scheme has been implemented and Trident Corporation Limited has been amalgamated with the Company w.e.f. April 1 2014 the Appointed Date. Further the world's largest integrated terry towel unit located at Budni in Madhya Pradesh as vested in the Company from the erstwhile Trident Corporation Limited in terms of the above-referred Scheme of Amalgamation was commissioned during the year under review. The project with an installed capacity of 300 looms has been implemented within the sanctioned capital outlay of H11910 million.During the year 2015 the Company is also undertaking the implementation of a composite textile project in the Home Textiles Segment consisting of Bed Sheeting Unit with a capacity of 500 Looms and integrated spinning unit of 189696 spindles to manufacture high end count from 40 to 80 Ne. The above projects are being implemented at an estimated total project cost of Rs 16669.0 million and are expected to be completed by second half of financial year 2016. Being an integrated project the production from the spinning segment would seamlessly flow into the sheeting segment adding value in the textile chain and making Company a onestop- shop for home textiles Products.During the year under review the Company has commissioned an open-end yarn-spinning project by installation of 1920 rotors having manufacturing capacity of approximately 10000 TPA of cotton open-end yarn for meeting its yarn requirement for the terry towel unit in Budni. The said projects are being part financed from term loans and internalcash accruals.During the year 2016 the Company commenced production at its integrated Bed-Linen project of 500 looms capable of producing 43.2 million meters of bed-linen per annum and &Rs 1.90 lac compact yarn spindles for captive consumption at Budni Madhya Pradesh with capital investment of Rs 1667 crore. Further during the year under review the Company revisited its CAPEX plan of Yarn Modernization Project (Rs 103.9 crore) and Captive Power Project (Rs393 crore for 60 MW) at its facility in Budni Madhya Pradesh. During the year 2016 Trident Europe Limited was incorporated by the Company in the UK to widen the reach in European markets and strengthen marketing channels.During FY16 the Company produced 92617 MT of sulphuric acid.During the year 2019 the Company has undertaken modernizations and/or upgradation of its existing facilities to maintain high standards of its products.During the year 2019 the Board approved Expansion Project in Yarn Segment by installation of 162432 spindles & 3600 Rotors including other balancing equipment to manufacture approx. 48482 TPA of yarn at Budni Madhya Pradesh.During FY 2019 the Board also approved to implement Captive Cogeneration Steam and Power Plant (Steam 2 X 150 TPH & Power 2 x 30 MW) generating facility for meeting its power and steam requirement for the Yarn Terry Towel and Sheeting units at Budni Madhya Pradesh.

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