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BF Utilities informs about acquisition of shareholding in Avichal Resources

17 Mar 2016 Evaluate

BF Utilities has informed that the Company 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 Dist- Satara. With the acquisition of Avichal, the Company has strengthened these Wind Farm assets.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
NTPC 302.85
Tata Power 351.00
Adani Power 187.05
Power Grid Corpn. 251.90
Adani Energy Solut. 1326.00
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