BF Utilities Ltd. (BFUL) was incorporated on September 15, 2000 under the Companies Act, 1956 in the State of Maharashtra. The company was born out of a scheme of demerger with Bharat Forge Limited (BFL). The Scheme of Arrangement was approved by the High Court of Judicature at Bombay on January 17, 2001. Under the said Scheme, the Investments (listed as well as unlisted) and Wind Mills Division of the BFL were demerged and transferred to the Company, effective from March 1, 2001.
BF Utilities Ltd. is a part of Kalyani Group. The company earlier operated in two business segments - Infrastructure Business and Investment Business. It has undergone business restructuring by way of a Composite Scheme of Arrangement. Under the said business restructuring, the Infrastructure Business has remained with BFUL and Investment Business has been transferred to BF Investment Ltd.
Business area of the company
The company is engaged in the generation of electricity through wind mills and Infrastructure activities.
BF Utilities Ltd. is a part of Kalyani Group. The company earlier operated in two business segments - Infrastructure Business and Investment Business. It has undergone business restructuring by way of a Composite Scheme of Arrangement. Under the said business restructuring, the Infrastructure Business has remained with BFUL and Investment Business has been transferred to BF Investment Ltd.
Business area of the company
The company is engaged in the generation of electricity through wind mills and Infrastructure activities.