About BF Utilities Limited

BF Utilities Limited (BFUL), a public company incorporated on September 15, 2000, under the provisions of the Companies Act, 1956, is domiciled in India. The company’s registered office is located at Mundhwa, Pune Cantonment, Maharashtra. As a prominent player in the energy sector, BFUL is primarily engaged in the generation of electricity through windmills. The company has established wind farms at locations including Padekarwadi, Ghatewadi, Pawangaon, Maloshi, and Kadve Khurd in the Satara district of Maharashtra. Additionally, the company operates through several subsidiaries involved in infrastructure projects, including Nandi Infrastructure Corridor Enterprise Ltd. (NICE), Nandi Highway Developers Ltd. (NHDL), and BFUL Resources Pvt. Ltd.

Business Segments

BF Utilities generates revenue primarily through two business segments:

1. Wind Mills: Contributing to a modest share of total revenue, generating Rs. 216.8 million in FY 2023-24.

2. Infrastructure: The dominant segment, contributing Rs. 9,668.45 million, highlighting BFUL’s substantial involvement in infrastructure development projects.

In FY 2023-24, the total segment revenue reached Rs. 9,885.25 million, reflecting a robust performance with a particular increase in the infrastructure sector.

BF Utilities Limited Key Management

BF Utilities is managed by a dedicated team of experienced professionals:

• Mr. B. N. Kalyani: Chairman

• Mr. B. S. Mitkari: Whole-time Director, CEO & CFO

Latest Updates on BF Utilities Limited

• In FY 2023-24, BF Utilities achieved significant milestones. Notably, the Nandi Highway Developers Limited (NHDL), a key subsidiary, concluded its toll operations in September 2024 after the completion of its concession agreement with the Government of India and the Government of Karnataka. 
• The company’s infrastructure initiatives continued to expand, with strong contributions to the bottom line. The subsidiary Nandi Economic Corridor Enterprises Ltd. (NECE) demonstrated impressive financial results, significantly contributing to the group’s profitability, with a profit after tax of Rs. 23,246.67 million. Additionally, BFUL’s financial position remains stable, with the company’s wind power generation operations continuing to grow in both scale and capacity.