Textile major Trident Ltd. on Thursday received a patent for the ‘Fabric and Method of Manufacturing Fabric’ from the Patent Office India.
The company said that the new technology will help deliver special soft towels without the usage of any chemical-based fibres, enabling it to save the environment and also deliver soft luxury towels in the Indian Market.
Explaining the patented technique, the Ludhiana-headquartered textiles manufacturer said that the invention comprises a method of producing fabric by subjecting it to a special treatment, thereby obtaining increased air space in the resultant fabric.
Trident Ltd. is the flagship company of the $3 billion conglomerate Trident Group. Trident is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer.
The company operates in three major business segments: textiles, paper, and chemicals. It has manufacturing facilities in Punjab and Madhya Pradesh.
Trident Ltd. reported a 15 percent decline in sales to Rs 14,37.67 crore in the September quarter from Rs 16,91.59 crore in the year-ago period. Its profit dropped sharply to Rs 37.39 crore from Rs 234.59 crore in the same period a year ago.
Shares rose by 2.41 percent to close at Rs 36.15 on the BSE.
(Edited by : Rukmani Krishna)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024: Shiv Sena UBT’s Arvind Sawant highlights Uddhav Thackeray's vision for Mumbai’s progress
May 13, 2024 9:21 PM
Exclusive interview: 'Southern states will be a big surprise,' says PM Modi
May 13, 2024 9:05 PM
PM Modi's Patna visit: Cooking roti, serving langar, roadshow, and more
May 13, 2024 5:13 PM