Trident, the flagship Company of Trident Group, has laid the foundation stone of two spinning units and a sheeting unit at Budhni in state of Madhya Pradesh on September 07, 2013. The company will install 1.76 lakh spindles and 500 looms with an investment of Rs 1,667 crore which will manufacture around 40,000 TPA of additional cotton yarn of higher count and value added varieties and 50 million meters of sheeting per annum.
The implementation of these units will be in a phased manner and is expected to be fully operational by September 2015. Post commencement of these facilities combined with increased focus on value added products and end to-end home textile solutions; the company envisages improvement in realizations and margins.
Besides, Trident Corporation, an associate company of Trident, has also laid the foundation stone of its Open End Yarn Project in Budhni, MP. The project will have a capacity of 1,920 rotors and planned production of around 10,000 TPA with an investment of Rs 60 crore. This project is expected to be completed by June 2014.
Trident is the flagship company of Trident Group with its array of customers spread across 75 countries. Trident is a leading manufacturer of Terry Towels, Paper, Yarn and Chemicals. The company has emerged as one of the largest manufacturers of terry towels and wheat straw based paper manufacturers in the world.
| Company Name | CMP |
|---|---|
| Trident | 31.63 |
| Filatex India | 53.62 |
| Nahar Spinning Mills | 238.25 |
| Sanathan Textiles | 350.65 |
| Nitin Spinners | 404.85 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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