The share price of Trident Limited was up nearly a percent at the open on April 12 after the company announced the commissioning of a solar power project in Madhya Pradesh.
At 9.20 am, the stock was trading at Rs 40.70 on NSE.
Trident Limited successfully commissioned a 1.1 MWp-solar power project in Budhni, Madhya Pradesh, the company said in an April 10 filing. The total installed capacity of the roof top plant at the same facility reached 29.5 MWp.
The power generated will be consumed captively for manufacturing facilities at Budhni and will help reduce the carbon footprint for the company, the release said.
Also read: The Fed choked clean energy. It’s about to start reviving that
The Ludhiana, Punjab headquartered Trident Group manufactures yarn, paper and stationery, home textiles like bed linen and bath linen, chemicals and captive power.
The stock price has gained around 24 percent in the past year and around 500 percent in the last five years.
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