Gul Ahmed Textile Mills Limited has completed the acquisition of a significant plot and approved additional acquisitions and renewable energy projects to enhance its operational capacity.
- Completed acquisition of Plot No. A-44 at SITE, Nooriabad, including land, building, and machinery.
- Approved acquisition of additional plots:
- Plot B-80A (12 acres)
- Plot B-153 (18 acres)
- Plot B-236 (4 acres)
- Plot A-473 (8 acres)
- Plot B-268 (1.75 acres)
- Board approved renewable energy projects:
- 7.5 MW wind turbine
- Up to 6 MW solar power plant
- 20 MWh Battery Energy Storage System (BESS)
- These expansions are subject to due diligence and regulatory formalities.