Trident charts strategic plan for future growth; share inches up by 2 per cent
On Monday, Trident Limited announced its decisions regarding strategic steps that would be taken for the future growth of the company, during the second half of the trading session.
In their board meeting on Monday, it revealed 'Vision 25, under which, 3 BHAG have been formulated. BHAG stands for big, hairy, audacious, goals and is likely to be pronounced as Bee-Hag. These goals aim towards unsealing long-term sustainable value for the shareholders. The three goals can be noted as:
• Achieving revenue of Rs 25,000 crore by 2025 with 12 per cent bottom line
• Making Trident a national brand
• Digital Trident – by completing the journey of Industry 4.0
Vision 25 is expected to accelerate the growth momentum and place the company in an upward trajectory, adding growth to the shareholders and clients associated with the business. This surely marks a significant milestone in the journey of Trident. It will also help in enhancing the company's ability to synchronise efforts and help in positioning the company in a better place. The strategy committee is required to submit a detailed report to the board within a period of 90 days.
Trident Limited is a manufacturer of terry towels, yarn, and wheat straw-based paper. The segments of the company include textiles, paper, and chemicals among others. Trident has its manufacturing facilities in Punjab and Madhya Pradesh.
Trident's share was trading 2 per cent up during the first half of Tuesday’s trading session at Rs 15.20 on BSE.