Gul Ahmed Approves 43.75-Acre Land Acquisition & 13.5MW Renewable Projects
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✧ GENERATE BRIEFING
Gul Ahmed Textile Mills Limited (PSX: GATM) notified the Pakistan Stock Exchange (PSX) on Monday, October 26, 2026, that its Board of Directors approved the acquisition of five industrial plots totaling 43.75 acres at SITE Nooriabad in Jamshoro district, Sindh. Concurrently, the Board approved three clean energy projects comprising 13.5 MW of combined wind and solar generation capacity along with a 20 MWh Battery Energy Storage System (BESS) to optimize power costs and grid stability. Key transaction details, vendor partners, and operational scope include: Industrial Footprint Expansion: The proposed acquisition spans five distinct plots at SITE Nooriabad: Plot B-80A (12 acres, including land, building, and allied fittings), B-153 (18 acres), B-236 (4 acres), A-473 (8 acres), and B-268 (1.75 acres). All five purchases remain subject to due diligence and regulatory/corporate formalities. Completed Plot A-44 Transaction: Separately, GATM confirmed the formal completion of its acquisition of Plot A-44 at SITE Nooriabad, which includes land, buildings, plant machinery, allied equipment, and associated assets.
Gul Ahmed Textile Mills Limited (GATM) has approved the acquisition of five additional industrial plots spanning 43.75 acres at SITE Nooriabad in Sindh, alongside investments in wind, solar, and battery energy storage projects.
The listed textile manufacturer disclosed the decisions in a regulatory filing to the Pakistan Stock Exchange (PSX) on Monday, October 26, 2026, following a board of directors meeting held on October 24, 2026.
Industrial Land Expansion at SITE Nooriabad
The five plots approved for acquisition cover a combined 43.75 acres within the SITE Nooriabad industrial estate in Jamshoro district:
- Plot B-80A: 12.00 acres (includes land, civil structures, and allied fittings)
- Plot B-153: 18.00 acres
- Plot A-473: 8.00 acres
- Plot B-236: 4.00 acres
- Plot B-268: 1.75 acres
The proposed acquisitions remain subject to due diligence, title verification, and the execution of necessary corporate, legal, and regulatory formalities.
Separately, the company confirmed that it has fully finalized the transaction for Plot A-44 at SITE Nooriabad, acquiring the land, building, operational plant, machinery, allied equipment, and associated fittings.
| Project / Land Asset | Technical / Geographic Parameter | Equipment Supplier / Integrator |
| Proposed Industrial Land | 43.75 Acres across 5 Plots at SITE Nooriabad | Subject to Due Diligence |
| Completed Land Purchase | Plot A-44 (Land, Buildings, Plant & Machinery) | Finalized Transaction |
| Wind Power Generation | 7.5 MW Capacity | Goldwind / Orient Energy Systems |
| Solar Power Generation | Up to 6.0 MW Capacity | JinkoSolar / A2Z Energy Systems |
| Battery Storage (BESS) | 20 MWh Storage System (0.5C Rating) | Sungrow / Orient Energy Systems |
Renewable Power Rollout and Technical Equipment
To manage long-term energy costs and ensure grid reliability, the board approved three interconnected renewable energy installations:
- Wind Energy: A 7.5 MW wind turbine supplied by Goldwind through local partner Orient Energy Systems (Private) Limited.
- Solar Energy: A solar power plant up to 6 MW utilizing photovoltaic modules from JinkoSolar Holding Co., Ltd., with Engineering, Procurement, and Construction (EPC) services provided by A2Z Energy Systems (Private) Limited.
- Energy Storage: A 20 MWh battery energy storage system (BESS) rated at 0.5C, manufactured by Sungrow Power Supply Co., Ltd. and supplied via Orient Energy Systems.
Together, the wind and solar installations add 13.5 MW of clean generation capacity to Gul Ahmed’s power portfolio, complemented by the 20 MWh battery bank for peak shaving and load management.
Strategic Industrial and Energy Context
For composite textile exporters, uninterrupted energy and competitive tariffs are vital operational requirements. Captive wind and solar installations backed by battery storage allow mills to hedge against utility grid outages, reduce reliance on high-cost thermal energy, and lower the carbon intensity of export products in compliance with international buyer mandates.
While Gul Ahmed did not disclose the financial outlays for the five new plot options or renewable energy contracts in the notice, the combined initiatives represent a significant expansion of the company’s operational infrastructure in Sindh.
