Textile giant Gul Ahmed approves acquisition of 43.75 acres, renewable energy projects
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, along with investments in renewable projects, as the textile manufacturer expands its industrial footprint. The listed textile giant disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. The…
Gul Ahmed Textile Mills Limited (GATM), a major textile company in Pakistan, has greenlit the acquisition of 43.75 acres of land at SITE Nooriabad, along with investments in renewable energy projects. This expansion of their industrial footprint was approved by the company's board of directors on October 24, 2026. The plots, including B-80A, B-153, B-236, A-473, and B-268, are currently under due diligence and necessary formalities before completion.
In addition to the land acquisition, GATM has approved the installation of a 7.5-megawatt wind turbine and a 6-megawatt solar power plant, both supplied by Goldwind and JinkoSolar Holding Co., Ltd., respectively. The company has also approved a 20-megawatt-hour battery energy storage system (BESS) from Sungrow Power Supply Co., Ltd., facilitating a more sustainable approach to their operations.
GATM's retail business has expanded to over 40 stores across Pakistan, selling a range of fashion, clothing, and home accessories.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
