The Company was incorporated on September 15, 2000 under the Companies
 Act, 1956 in the State of Maharashtra. 
 The Company was born out of a scheme of demerger with Bharat Forge
 Limited (BFL). The Scheme of Arrangement was approved by the Hon’ble
 High Court of Judicature at Bombay on January 17, 2001. Under the
 said Scheme, the Investments (listed as well as unlisted) and Wind
 Mills Division of the BFL were demerged and transferred to the
 Company, effective from March 1, 2001.
 As per the Scheme, the Company allotted on June 16, 2001, one fully
 paid Equity Share of the Company of Rs.5 (free of cost) to the
 shareholders of BFL for one fully paid Equity Share of Rs.10 of BFL
 held on the Record Date i.e. April 16, 2001.
 -was setup to satiate the power requirements of the Kalyani Group
 companies. Power, apart being a scarce commodity, is also a critical
 element in the Group's activities, which includes steel making,
 forging, machining etc. 
 
 -has set up wind-assisted power plants at Thoseghar in Satara
 District of Maharashtra
 
 2004
 
 -Award for Excellence in Renewable Energy given by Maharashtra Energy
 Development Agency (MEDA) for the year 2003.
 
 2005
 
 -  Mr Prakash C Bhalerao, Director of BF Utilities Ltd, has resigned
 as Director with effect from July 31, 2005. 
 
 
 2006
 
 - BF Utilities - Kalyani Group enters into J V agreement with
 Singapore Technologies Kinetics.
 
 - BF Utilities Ltd has informed that Kalyani Group, the leader in the
 auto component sector in India, on November 02, 2006 has signed a
 Joint Venture (JV) agreement with Singapore Technologies Kinetics Ltd
 (ST Kinetics), Singapore. The JV agreement was signed in Singapore by
 Mr. Sew Chee Jhuen, President, ST Kinetics and Mr. B N Kalyani,
 Chairman, Kalyani Group.
 
 2007
 
 -Award for Best Performing Wind Farm (Above 2 MW Category) given by
 Indian Wind Power Association (IWPA) for the year 2005-06.
 
 2008
 
 -Award for Fastest Wealth Creator given by Motilal Oswal Financial
 Services Ltd. for the year 2007.