The Company’s main activity is to satiate the power requirements of the Kalyani Group Companies. Power, apart being a scarce commodity, is also a critical element in the Group`s activities, which includes steel making, forging, machining etc.
The Company 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 Hon’ble 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. As per the Scheme, the Company allotted on June 16, 2001, one fully paid Equity Share of the Company of Rs.5 (free of cost) to the shareholders of BFL for one fully paid Equity Share of Rs.10 of BFL held on the Record Date i.e. April 16, 2001. -was setup to satiate the power requirements of the Kalyani Group Companies. Power, apart being a scarce commodity, is also a critical element in the Group’s activities, which includes steel making, forging, machining etc.
has set up wind-assisted power plants at Thoseghar in Satara District of Maharashtra
2004- Award for Excellence in Renewable Energy given by Maharashtra Energy Development Agency (MEDA) for the year 2003.
2006-BF Utilities – Kalyani Group enters into J V agreement with Singapore Technologies Kinetics.
– BF Utilities Ltd has informed that Kalyani Group, the leader in the auto component sector in India, on November 02, 2006 has signed a Joint Venture (JV) agreement with Singapore Technologies Kinetics Ltd (ST Kinetics), Singapore. The JV agreement was signed in Singapore by Mr. Sew Chee Jhuen, President,ST Kinetics and Mr. B N Kalyani, Chairman, Kalyani Group.
The High Court of Judicature at Bombay has passed an Order on 5th February, 2010, approving the Scheme of Arrangement between
Bhalchandra Investment Limited, Forge Investment Limited, Mundhwa Investment Limited, Jalakumbhi Investment and Finance Limited, Jalakamal Investment and Finance Limited, Kalyani Utilities Development Limited, (collectively called ‘the Amalgamating Companies’ ), BF Utilities Limited (‘Amalgamated Company’ / ‘Demerged Company’) and BF Investment Limited (‘Resulting Company’) and their Respective Shareholders .
The Appointed Date of the Scheme is 1 st April, 2009 and the Effective Date of the Scheme is 26th February, 2010.Upon the coming into effect of this Scheme and with effect from the Appointed Date, the Undertaking of each of the Amalgamating Companies have, been transferred to and vested in the Company (Amalgamated Company) as a going concern. Thereafter with effect from the Appointed Date the Demerged Undertaking i.e. the Investment Business Undertaking of the Company (Demerged Company) has also been transferred to and vested in the Resulting Company on a going concern basis.
BF Utilities Ltd. (BFUL) is an Indian-based independent power producer and investor. It was set up to satiate the power requirements of the Kalyani Group, one of the leading conglomerates in India. The company’s corporate office is located in Maharashtra, India.
BFUL owns and operates wind-assisted power plants in Thoseghar in Satara District of Maharashtra. The windmills has 51 machines of 230 kilowatt capacity each and 11 machines of 600 kilowatt capacity each. The total capacity of the power plants is approximately 18.33 megawatt.
BFUL has partnership with Enercon GmbH, the third-largest wind turbine manufacturer in the world and the market leader in Germany. The company’s mission is to meet Kalyani Group’s energy need while respecting environment.
Group or Branch:
Mundhwa, Pune Cantonment 411 036, PUNE, INDIA
+91 (020) 26822552
+91 (020) 26823061