The flagship company of Trident Group, Trident Limited, has inaugurated the world´s largest terry towel pant on 7 October 2014. On the same day, the company also laid the foundation stone of its composite textile project in Budni, Madhya Pradesh.
The occasion was graced by the presence of Chief Minster of Madhya Pradesh Shivraj Singh Chouhan and Minster for Revenue and Rehabilitation, Government of Madhya Pradesh Rampal Singh.
The world´s largest terry towel plant comprises of 300 looms and will add about Rs 1,800 crore to is annual revenue. With is expansion, the installed capacity of Trident has increased to 688 looms capable of producing 90,000 TPA of terry towels, making Trident the largest manufacture of terry towels in the world. The inauguration of this plant marks the completion first phase of composite textile project undertaken by the company in Budni, Madhya Pradesh.
Further, the company laid the foundation stone of the second phase of its composite textile project comprising of two spinning units, a bed line unit and a captive power plant. This project will have 500 looms capable of producing 3.6 million metres of bed line/month, 1.85 lakh yarn spindles and 60 MW of captive power. While the captive power plant will be commissioned in September 2016, the bed line and spinning units are expected to be operational by September 2015; and will add about Rs 1,200 crore to annual revenue.
The company shall make a total investment of Rs 2,400 crore for its composite textile project in Budni, Madhya Pradesh and shall engage about 25,000 families across all its business verticals. The composite textile project is fully vertically integrated: from cotton-to-terry and from cotton-to-bed linen. This shall provide the company a natural cushion against variations in cotton and yarn prices.