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BF Utilities touches the roof on getting Karnataka HC’s nod for NICE project

28 Oct 2013 Evaluate

BF Utilities is currently trading at its upper circuit limit of Rs. 230.60, up by 38.40 points or 19.98% from its previous closing of Rs. 192.20 on the BSE.

The scrip opened at Rs. 193.85 and has touched a high and low of Rs. 230.60 and Rs. 193.85 respectively. So far 911259 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 391.80 on 07-Jan-2013 and a 52 week low of Rs. 118.10 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 230.60 and Rs. 174.00 respectively. The current market cap of the company is Rs. 752.03 crore.

The promoters holding in the company stood at 66.03% while Institutions and Non-Institutions held 1.04% and 32.92% respectively.

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.

 

BF Utilities Share Price

520.20 24.05 (4.85%)
17-Apr-2026 16:59 View Price Chart
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