Ali Asghar Textile to set up solar power plant

Ali Asghar Textile Mills Ltd. (AATM) is about to make an uncharacteristically bright splash on Pakistan’s renewable-energy map. In a material-information notice uploaded to the Pakistan Stock Exchange on 16 May 2025, the Karachi-based logistics-and-warehousing company said its board has authorised construction of a 1,250-kilowatt (1.25 MW) grid-tied solar-photovoltaic plant that will sit on the rooftop and vacant setbacks of its Korangi Industrial Area campus. T

he array—five times larger than the 250 kW pilot AATM switched on two years ago—will be built in one phase, financed largely from internal cash and a concessionary “green-banking” loan the company has negotiated with JS Bank. First kWh are targeted for the fourth quarter of 2026.

On a national grid where generating units are usually measured in hundreds of megawatts, 1.25 MW may sound modest. Yet for an SME with a paid-up capital of barely ₨22 million and revenue of ₨66 million from its core logistics business last year, the venture is almost audacious.