B F Utilities Ltd
CMP: Rs.339
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| The Chart of B F Utilities |
BF Utilities Ltd. (BFUL) which is a part of USD 2.4 billion Kalyani Group, is into infrastructure. The company came out with good numbers for the Q2FY12. The total income of the company for Q2FY12 came out to be Rs.22.37 Cr as against Rs.17.46 Cr in the same period previous year. The profit from operations before other income, interest and exceptional items came out to be Rs.7.62 Cr as against Rs.86 lakhs in the same period previous year. The profit from ordinary activities before tax came out to be Rs.4.21 Cr in Q2FY12, as against a loss of Rs.3.14 Cr in the same period previous year. The profit or loss from ordinary after tax came out to be Rs.89.70 lakhs as against a loss of Rs.4.12 Cr.
A strong growth in China in the recent years has helped it to add wind power capacities on a large scale. Also, rise in crude prices may help the renewable energy sector. Brent Crude Oil is now trading at $110.44 per barrel. Lately the price of WTI crude oil ($99.03 per barrel) has been catching up on the price of Brent crude oil thanks to a new Seaway pipeline, moving oil from Cushing to Gulf coast refineries as early as April 2012, at the rate of 400,000 barrels per day.
In CY11, the government has implemented the REC mechanism (Renewable Energy Certificates) in its efforts
to promote the various kinds of renewable energy. Due to better wind conditions, the windmill projects of the company have shown an increase in the generation during the year. The trend is similar to other such projects in the state. The generation of wind power from the Company's projects increased by 15% in FY11 as compared to the previous year. The projects of the company have been successfully registered under the REC mechanism. The RECs issued would be traded on power exchanges and would be eligible for additional revenue. In respect of issues regarding grant of open access for windmill projects wheeling energy to third parties, certain clarifications are being sought from the regulatory authority by the company. The windmill generators of the Company are undergoing thorough overhaul in phases to ensure that the life of the windmills is enhanced and are able to perform better.
A strong growth in China in the recent years has helped it to add wind power capacities on a large scale. Also, rise in crude prices may help the renewable energy sector. Brent Crude Oil is now trading at $110.44 per barrel. Lately the price of WTI crude oil ($99.03 per barrel) has been catching up on the price of Brent crude oil thanks to a new Seaway pipeline, moving oil from Cushing to Gulf coast refineries as early as April 2012, at the rate of 400,000 barrels per day.
In CY11, the government has implemented the REC mechanism (Renewable Energy Certificates) in its efforts
to promote the various kinds of renewable energy. Due to better wind conditions, the windmill projects of the company have shown an increase in the generation during the year. The trend is similar to other such projects in the state. The generation of wind power from the Company's projects increased by 15% in FY11 as compared to the previous year. The projects of the company have been successfully registered under the REC mechanism. The RECs issued would be traded on power exchanges and would be eligible for additional revenue. In respect of issues regarding grant of open access for windmill projects wheeling energy to third parties, certain clarifications are being sought from the regulatory authority by the company. The windmill generators of the Company are undergoing thorough overhaul in phases to ensure that the life of the windmills is enhanced and are able to perform better.
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