BF Utilities is currently trading at Rs 753.75, up by 10.00 points or 1.34% from its previous closing of Rs 743.75 on the BSE.
The scrip opened at Rs 755.00 and has touched a high and low of Rs 769.90 and Rs 752.00 respectively. So far 74,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1143.90 on 24-Aug-2010 and a 52 week low of Rs. 649.20 on 10-Feb-2011.
Last one week high and low of the scrip stood at Rs. 789.90 and Rs. 678.15 respectively. The current market cap of the company is Rs. 2876.49 crore.
The promoters holding in the company stood at 66.13% while Institutions and Non-Institutions held 2.80% and 31.07% respectively.
BF Utilities’ all transactions in relation to the FDI in Nandi Economic Corridor Enterprises (NECE) have been recently completed by NECE. NECE is a company incorporated for and undertaking the implementation of Phase I of the Bangalore Mysore Infrastructure Corridor Project and an indirect subsidiary of BF Utilities.
The board of directors of BF Utilities, the promoter and indirect holding company of NECE has approved the proposal for, and signing of definitive agreements in relation to, foreign direct investment of a sum of Rs 500 crore. The approval was granted at its meeting held on December 24, 2010.
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 the areas of steel making, forging, machining, etc.
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