Bluspring Subsidiary Secures ₹1,437 Crore O&M Contract from Vedanta Aluminium
Bluspring Enterprises' subsidiary, STEAG Energy Services, secured a 5-year O&M contract for Vedanta Aluminium's 1,215 MW Captive Power Plant. The contract value is ₹1,437.17 Crores. The contract begins on August 1, 2026.
The contract value of over ₹1,400 Crores and a duration of 5 years represents a material addition to the company's order book and revenue stream, indicating a high impact.
The company has secured a new, significant order with a substantial contract value, which is a positive development for its business.
Bluspring Enterprises Limited announced that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has been awarded a significant order by Vedanta Aluminium Metal Limited (VAML).
This order is for the comprehensive Operations and Maintenance (O&M) of VAML's Captive Power Plant, which has a capacity of 1,215 MW (9 units of 135 MW each). The estimated aggregate value of the contract, including additional services and applicable taxes, is ₹1,437.17 Crores.
The contract is set to remain in force for a period of 5 years, commencing from August 1, 2026. The company confirmed that the order was awarded by a domestic entity and does not fall under related party transactions, with no interest from promoters or group companies in VAML.
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Bluspring Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Bluspring Enterprises Limited. Read the original for the full detail.