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October 27, 2026
Gul Ahmed Textile Mills has approved five additional industrial plots covering 43.75 acres in Nooriabad and renewable energy installations comprising 7.5 MW of wind power, up to 6 MW of solar capacity and a 20 MWh battery storage system.
Gul Ahmed Textile Mills Limited has approved plans to expand its industrial footprint in Nooriabad, Sindh, through the proposed acquisition of five industrial plots covering a combined 43.75 acres. The company’s board has also approved new wind, solar and battery storage projects as part of its investment in renewable energy infrastructure.
According to Profit, the decisions were approved at a board meeting held on October 24, 2026, and subsequently disclosed to the Pakistan Stock Exchange (PSX).
The proposed land acquisitions include Plot B-80A, measuring 12 acres; Plot B-153, covering 18 acres; Plot B-236, spanning four acres; Plot A-473, covering eight acres; and Plot B-268, measuring 1.75 acres. The transactions remain subject to due diligence and the completion of necessary corporate, regulatory and legal formalities.
Separately, Gul Ahmed confirmed that it has completed the acquisition of Plot A-44 at SITE Nooriabad in Jamshoro district. The completed transaction includes the land, building, plant, machinery, allied equipment and fittings. The company had initially disclosed this acquisition on November 20, 2025.
The board has approved three renewable energy installations. These include a 7.5-megawatt wind turbine supplied by Goldwind through Orient Energy Systems (Private) Limited, a solar power plant with capacity of up to 6 MW using JinkoSolar panels, and a 20-megawatt-hour battery energy storage system supplied by Sungrow Power Supply Co., Ltd., through Orient Energy Systems.
A separate report by Business Recorder confirmed the land expansion and renewable energy approvals, noting that the proposed acquisitions are still conditional on the completion of required formalities.
Together, the wind and solar projects would provide up to 13.5 MW of generation capacity, while the battery system could store electricity for use when needed. The projects may help support the company’s industrial operations and diversify its energy sources.
The company has authorised its chief executive officer to complete the transactions and related formalities independently. Chief Financial Officer Muhammad Kashif Riaz and Company Secretary Salim Ghaffar have also been authorised to act jointly for the same purpose.
The company did not disclose the financial value of the land acquisitions or renewable energy projects. The proposed land purchases remain subject to due diligence and regulatory requirements.
