Past performance
About BF Utilities Ltd BF Utilities Limited (BFUL), established in 2000 and headquartered in Pune, India, operates as an independent power producer primarily serving the Kalyani Group. The company generates electricity through wind-assisted power plants and non-conventional sources, notably at sites in Maharashtra. Initially set up to reduce reliance on the Electricity Board and support the Kalyani Group's energy-intensive operations, BFUL has a wind power generation capacity of 18.33 MW, utilizing advanced gearless generator technology from Enercon India Ltd.
Originally part of Bharat Forge, BFUL became independent in 2001 to focus on energy production. The company benefits from government incentives for renewable energy projects, including tax rebates and sales tax deferrals. In 2006, BFUL formed a joint venture with Singapore Technologies Kinetics Ltd to expand its market reach. A significant corporate restructuring in 2010 further streamlined its operations. By 2016, BFUL had expanded its portfolio to include four subsidiary companies, reinforcing its position in the renewable energy sector.
Performance overview