STEAG India Order Book Hits ₹5,100 Cr Post-Acquisition

Bluspring Enterprises' subsidiary, STEAG India, has secured new deals totaling ₹5,100 Cr, significantly boosting its order book. These new contracts, including a ₹2,050 Cr deal with BALCO and multiple contracts with Vedanta entities, are primarily for comprehensive Operation & Maintenance (O&M) services for power plants. The acquisition of STEAG India, completed on May 21, 2026, is expected to add over 20% to Bluspring's topline, increase the share of high-margin business, and expand EBITDA margins by 90-100 bps. This strengthens Bluspring's position as an industrial asset management partner with a focus on multi-year annuity revenue and asset-light operations.