Key Takeaways
- Gul Ahmed Textile Mills Limited approved the acquisition of five plots totaling 43.75 acres at SITE Nooriabad.
- The company also approved investments in a 7.5-megawatt wind turbine and a 6-megawatt solar power plant.
- These developments aim to expand the company's industrial footprint and integrate renewable energy sources.
Gul Ahmed Textile Mills Limited, one of Pakistan’s largest textile companies, has approved the acquisition of five additional plots spanning 43.75 acres at SITE Nooriabad. The decision was made at a board meeting held on October 24, 2026.
The plots include B-80A (12 acres), B-153 (18 acres), B-236 (4 acres), A-473 (8 acres), and B-268 (1.75 acres).
The acquisitions are subject to due diligence and the completion of necessary corporate, regulatory, and legal formalities.
In addition to the land acquisitions, the company has approved investments in renewable energy projects. These include a 7.5-megawatt wind turbine supplied by Goldwind through Orient Energy Systems (Private) Limited.
The company also approved a solar power plant with a capacity of up to six megawatts, featuring panels from JinkoSolar Holding Co., Ltd., with local works to be undertaken by A2Z Energy Systems (Private) Limited.
Furthermore, the board approved a 20-megawatt-hour battery energy storage system (BESS) with a 0.5C rating, to be supplied by Sungrow Power Supply Co., Ltd. through Orient Energy Systems.
GATM, as a composite textile mill, is engaged in the manufacturing and sale of textile products. The company has a strong presence in the manufacturing sector and has expanded its retail business to over 40 stores across the country.
The retail business, which started in Karachi, offers a range of products from fashion and clothing to home accessories. This diversification into retail is part of the company's strategy to expand its market reach and integrate renewable energy sources to support its operations.
