Trident has been granted a patent for 'Process for Manufacturing Air Rich Yarn and Air Rich Fabric' by United States Patent Office.

The present invention related to textile manufacturing and more particularly to a process for manufacturing air-rich yarn and air-rich fabric exhibiting high wettability, easy dry ability, quick absorbency, and increased thickness. This will help the company to deliver its special soft luxury towels, fabrics and sheeting in US Market.

The grant of this patent provides further recognition of the quality of the innovation being carried out by Trident.

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Trident in an exchange filing made after market hours on Monday announced that the fire has resulted in major damage of stocks of cotton, lying in the warehouse. The actual quantum of loss/damage cannot be ascertained at this point of time.

The company said that it is proactively monitoring the situation and taking necessary steps for the safety and well-being of the manpower. Furthermore, the company said the loss/damage is adequately covered by insurance and it has informed the insurance company about the fire Incident.

Punjab-based Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.

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Trident has received reaffirmation in credit ratings from CRISIL as under -

Total Bank facilities rates - Rs 4000 cr
Long term rating - CRISIL AA- / Positive (Outlook revised from“Stable” and Rating Reaffirmed)

Short term rating - CRISIL A1+ (Reaffirmed)

Commercial paper (Rs 150 crore) - CRISIL A1+ (Reaffirmed)

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Trident has received revision in credit ratings from CARE for the company's bank facilities as under-

Long term bank facilities - CARE AA; Stable (upgraded)
Long term / short term bank facilities - CARE AA; Stable / CARE A1+ (upgraded/ affirmed)
Short term bank facilities - CARE A1+ (affirmed)

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