MoneyWorks4Me

BF Utilities acquires 100% stake in Avichal Resources

17 Mar 2016 Evaluate

BF Utilities has acquired 100% shareholding in Avichal Resources (Avichal). With this acquisition, Avichal has become a wholly owned subsidiary of the company. Avichal is the owner of land required for the company’s existing Wind Farm located at District - Satara. With the acquisition of Avichal, the company has strengthened its Wind Farm assets.

BF Utilities is engaged in power generation through wind mill technology. The company was set up to satiate the power requirements of the Kalyani Group companies, which have business interests in areas of steel making, forging, machining, etc.

Peers
Company Name CMP
NTPC 322.00
Tata Power 359.00
Adani Power 203.85
Power Grid Corpn. 260.45
Adani Energy Solut. 1312.65
View more..