Trident Group - Visionary Expansion plan for Punjab

Padma Shri. Rajinder Gupta, Chairman/Promoter of Trident Group, has outlined an expansion strategy anchored by ₹2000 crore in Punjab, reinforcing its commitment to driving industrial growth, employment generation, and sustainable development in the region. The announcement was shared during a press briefing led by Punjab's Industry and Commerce Minister, Shri Sanjeev Arora.

Under its ₹2,000 crore expansion plan, Trident Group will invest ₹1,500 crore in Barnala to scale up Terry Towel production and modernize paper manufacturing facilities. Additionally, ₹500 crore will be allocated in Mohali to establish a state-of-the-art corporate office and a capacity-building center. This strategic initiative will strengthen the Group's presence across diverse sectors and is expected to generate 2,000 employment opportunities, with a focus on engaging semi-skilled rural women and advancing women's empowerment.

Shares of Trident Limited was last trading in BSE at Rs. 28.38 as compared to the previous close of Rs. 28.58. The total number of shares traded during the day was 218682 in over 1027 trades.

The stock hit an intraday high of Rs. 28.68 and intraday low of 28.31. The net turnover during the day was Rs. 6221982.00.

Source : Equity Bulls

Keywords

Trident INE064C01022 Textiles ExpansionPlan Punjab