Trident Group to invest Rs 893cr in home textiles and chemicals business

Trident Group said that its board of directors has approved the company’s expansion/modernization plan for its home textiles and chemicals businesses with a total investment of INR 893 crores.

The Indian textile and paper manufacturer with an investment of INR 546 crores will increase its yarn capacity from 5,89,248 spindles by an additional 94,848 spindles. The commercial operation of the expanded yarn capacity is expected to start in September 2023.

For its bath segment, Trident Group will invest INR 247 crores to add 42 looms to its existing 622 looms with the new capacity likely to begin commercial operations in June 2023.

The textile and paper company will spend INR 100 crores to add 2,15,000 tons per annum to its existing chemicals capacity of 1,10,000 tons per annum. The expanded capacity is expected to begin commercial operation in March 2024.