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BF Utilities, the wind energy subsidiary of the Kalyani group of companies, has gone up by Rs 1,500 a share (more than doubled its prices) over the last one-month period.

Dealers said the Pune-based company would benefit immensely through its investments in Nandi Infrastructure Corridor Enterprises Ltd (NICE). The latter is in-charge of the Bangalore-Mysore Infrastructure Corridor project. Dealers said BF Utilities will benefit indirectly as NICE owns vast tracts of land along the Bangalore-Mysore Expressway.

BF Utilities hit the five-per cent upper circuit on Wednesday at Rs 2,772.35, from the previous close of Rs 2,640.35.

Rajesh Abraham

More Stories on : Stocks | Ear to the ground | Non-conventional Energy

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