B F Utilities Ltd: Steady Upmove Expected
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Union
Finance Minister P Chidambaram’s budget sought to breathe life into the
wind power sector with reintroduction of generation based incentive
(GBI). Presenting the union budget for 2013-14
in the parliament, Chidambaram said: “The non-conventional wind energy
sector deserves incentives. Hence, I propose to reintroduce
generation-based incentive for wind energy projects and provide Rs.800
crore to the ministry of non renewable energy for the purpose.”
The
government has also decided to provide low interest bearing funds from
the National Clean Energy Fund to Indian Renewable Energy Development
Agency Ltd (IREDA) to lend to renewable power project developers.
Declaring clean and green energy as government’s priority, Chidambaram
also said a scheme to encourage cities and municipalities to take up
waste-to-energy projects in public-private-partnership (PPP) mode which
would be neutral to different technologies would be evolved. The
announcement has brought cheers to the players in the sector. They had
been demanding this ever since the GBI was withdrawn on April 1 last
year. Sources said there was a fall in new installations in the last 10
months. The approximate investment for one MW is Rs.6 crore and the
country lost about Rs.10,000 crore in wind turbine installations this
year. The company is a major player in the wind energy sector.
The company has a good presence in the infrastructure space mainly in the roads and highway segment as well as the wind energy segment. Given the fact that this company has a very strong presence in Bangalore and moreover the company is part of the Kalyani Group which is a very well respected with high credibility, we can be fairly bullish on the counter.
It has fallen from a peak of Rs.2,977 in July ’07 to a low of 207.55 on 4th March, 2013. There is an interesting take on the company at CLICK HERE.
The company has a good presence in the infrastructure space mainly in the roads and highway segment as well as the wind energy segment. Given the fact that this company has a very strong presence in Bangalore and moreover the company is part of the Kalyani Group which is a very well respected with high credibility, we can be fairly bullish on the counter.
It has fallen from a peak of Rs.2,977 in July ’07 to a low of 207.55 on 4th March, 2013. There is an interesting take on the company at CLICK HERE.
Note: This note was sent to the Paid Members and to those who are having accounts with my recommended brokerage house/s on 6th Mach, 2012.
