KARACHI: Gul Ahmed Textile Mills Limited has approved the acquisition of five industrial plots totaling 43.75 acres at SITE Nooriabad in Jamshoro district, along with investments in wind, solar and battery-storage projects, according to a disclosure to the Pakistan Stock Exchange on Monday.
The company’s board approved the land purchases at a meeting on October 24, 2026. The proposed acquisitions cover Plot B-80A, 12 acres; Plot B-153, 18 acres; Plot B-236, 4 acres; Plot A-473, 8 acres; and Plot B-268, 1.75 acres.
The transactions remain subject to due diligence and completion of required corporate, regulatory and legal formalities, the company said.
The board also approved installation of a 7.5-megawatt wind turbine supplied by Goldwind through Orient Energy Systems (Private) Limited. It cleared a solar power plant of up to 6 megawatts, using panels from JinkoSolar Holding Co. Ltd., with local works to be carried out by A2Z Energy Systems (Private) Limited.
In addition, Gul Ahmed approved a 20-megawatt-hour battery energy storage system rated at 0.5C, to be supplied by Sungrow Power Supply Co. Ltd. through Orient Energy Systems.
Separately, the company said it has completed the acquisition of Plot A-44 at SITE Nooriabad, including the land, building, plant, machinery, allied equipment and associated assets.
Gul Ahmed Textile Mills is a composite textile manufacturer and retailer. Its retail business, which began in Karachi, now operates more than 40 stores across Pakistan, selling clothing, fashion items and home accessories.
