Trident To Set Up Captive Power Plant In Madhya Pradesh
Trident Limited has informed that the board of directors of the company at its meeting approved to implement Captive Cogeneration Steam and Power Plant (Steam 2 X 150 TPH & Power 2 x 30 MW) generating facility for meeting its power and steam requirement for the Yarn, Terry Towel and Sheeting units at Budni, Madhya Pradesh. Further details are as under:
| 1 | Existing capacity | 49.4 MW (Punjab) |
| 2 | Existing capacity utilization | 71.24% |
| 3 | Proposed capacity addition | Captive Cogeneration Steam and Power Plant Steam = 2 X 150 TPH Power = 2 x 30 MW (Madhya Pradesh) |
| 4 | Period within which the proposed capacity is to be added | 30 Months |
| 5 | Investment required | INR 546 Crore |
| 6 | Mode of financing | External Borrowings - INR 381 Crore Internal Accruals - INR 165 Crore |
| 7 | Rationale | The proposed Cogeneration facility will reduce the dependence of the Company on external power, ensure uninterrupted 24x7 supply of regulated power & steam for its continuous running textile units at Budni, Madhya Pradesh and will also help in reducing power and steam costs thereby contributing in margin expansion by ~200 basis points. |
