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BF Utilities gets Karnataka HC’s nod for NICE project

28 Oct 2013 Evaluate

BF Utilities has received Karnataka High Court’s (HC) clearance for Nandi Infrastructure Corridor Enterprises (NICE) project on Friday. Following the clearance, the company can commence infra development soon as no other major approval is needed for NICE project now.

The scope of the project involves construction of 41 kms of peripheral road, 9.8 kms of link road and 13 kms of expressway. It also allows the SPV to develop and sell land.

The company 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
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