Gul Ahmed Textile Mills : CORPORATE BRIEFING 2024 PRESENTATION
June 27, 2024 at 01:40 pm IST
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GUL AHMED TEXTILE MILLS LIMITED
CORPORATE BRIEF - 2024
DISCLAIMER
This presentation has been prepared by Gul Ahmed Textile Mills Limited (GATM) for information purpose only. No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness,
accuracy, sufficiency, completeness or correctness of the information or any opinion contained herein or any opinion rendered thereto.
Under no circumstances, this is to be used or considered as an offer to sell or solicitation or any offer to buy.
By attending this presentation, you are agreeing to be bound by the foregoing limitations.
Gul Ahmed has awarded Orient Energy Systems Limited, the project of installing 1.42 MW solar panels on the roofs of one of its units. As of current, the solar panels have been received at Gul Ahmed's premises with the installation process is underway. The project is expected to commence operation from June 30th, 2024.
17.1 MW Solar PPA:
Gul Ahmed in collaboration with K-Solar has entered into an in-principle agreement for Built-Own-Operate-Transfer basis (BOOT) of 17.1 MW rooftops solar panels on all of its available manufacturing units. The arrangement is based on a model where K-Solar will invest and install solar panels and take monthly rentals. Expected timeline for financial close is mid of July 2024 and for commercial operations are expected from 1st Quarter 2025 (Calendar Year).
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Gul Ahmed Textile Mills Limited is a Pakistan-based company engaged in the manufacture and sale of textile products. Its segments include Spinning, Apparel, Home Textile, and Others. The Spinning segment is engaged in the production of different qualities of yarn using both natural and artificial fibers. The Apparel segment is engaged in the processing of different types of woven and knitted garments. The Home Textile segment is engaged in the production of different types and qualities of products falling under the definition of home textile. The Others segment is engaged in weaving, fiber bleaching, knitting, yarn dyeing and dyed yarn fabric, among others. It exports yarn to a multitude of countries across the globe, including China, various Asian nations, the Middle East, and Europe. It manufactures a range of yarn qualities, encompassing carded, compact siro, fancy, and others. Its fabric portfolio encompasses plain fabric, sheeting fabric, poplin, canvas, oxford, and others.
GUL AHMED TEXTILE MILLS LIMITED 
