Gul Ahmed approves proposed 43.75-acre SITE purchase and energy projects
The five plot acquisitions remain subject to due diligence and required formalities. The board also approved a 7.5MW wind turbine, up to 6MW of solar and a 20MWh battery system.
At a glance
- Five proposed SITE plots cover 43.75 acres.
- The acquisitions are subject to due diligence and required formalities.
- Energy approvals include wind, solar and battery storage projects.
- The Plot A-44 acquisition at SITE Nooriabad has been completed.
Key facts
- Proposed land acquisitions
- Five plots, 43.75 acres
- Subject to due diligence and required formalities
- Wind turbine
- 7.5MW
- From Goldwind through Orient Energy Systems
- Solar power plant
- Up to 6MW
- Battery storage
- 20MWh
- 0.5C rating
Gul Ahmed Textile Mills GATM has approved the proposed acquisition of five plots at SITE Nooriabad in Jamshoro district, spanning 43.75 acres, and three renewable energy projects. The board approved the transactions at a meeting on October 24, according to a filing with the Pakistan Stock Exchange.
The plots are B-80A, measuring 12 acres; B-153, 18 acres; B-236, four acres; A-473, eight acres; and B-268, 1.75 acres. The proposed acquisitions are subject to due diligence and completion of the necessary corporate, regulatory and legal formalities.
The approved energy projects comprise a 7.5MW wind turbine from Goldwind through Orient Energy Systems (Private) Limited, a solar plant with capacity of up to 6MW using JinkoSolar panels and local works by A2Z Energy Systems (Private) Limited, and a 20MWh battery energy storage system with a 0.5C rating from Sungrow through Orient Energy Systems.
Separately, the company has completed its acquisition of Plot A-44 at SITE Nooriabad, including the land, building, plant, machinery, allied equipment and associated fittings. The acquisition had been disclosed on November 20, 2025.
Gul Ahmed is a composite textile mill engaged in manufacturing and selling textile products, and also operates a retail business.
Stocks in this story
This story was produced by the Investify News Desk with automated tools and checked against the sources listed. Report an error: support@investify.pk. Editorial policy
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