Trident Ltd. has announced technology stabilisation of the integrated bed linen project at Budni in Madhya Pradesh on February 15 in respect of the following facilities:
* The bed linen unit comprising of 500 looms with the state-of-the-art technology and matching equipments for processing and packaging, capable of producing 43.2 million meters of bed linen per annum, which would give a further impetus to the company’s strong home textiles portfolio.
* Also the world’s largest compact spinning unit of 1.90 lakh spindles under one roof to meet the captive requirements of fine counts and superfine counts for the bed-linen unit.
The company’s net revenue for the first nine months of the current financial year stood at Rs. 897.8 crores, out of which textile business clocked a turnover of Rs. 706.7 crores.
Mr. Rajinder Gupta, Chairman, Trident Ltd., says: “Our bed-linen facility in Budhni that was commissioned recently is progressing well. Simultaneously, we are in discussion with customers and looking to build a robust order book pipeline so that we can quickly ramp up utilizations. With this facility, we are through with our major CAPEX cycle, and I would like to reiterate that the management focus going ahead would be on consolidating operations and free-cash-flow generation, which we believe will create tremendous value for all stake holders.”