Trident Ltd. to invest Rs. 2,400 crore in Madhya Pradesh textile project.

Textiles major Trident Ltd. recently said it will invest Rs. 2,400 crore in its project in Madhya Pradesh, which is under different stages of implementation. "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," Trident said in a filing to the BSE. The Ludhiana-based company, which inaugurated a terry towel plant, also laid the foundation stone of the second phase of its composite textile project comprising of two spinning units, a bed linen unit and a captive power plant.