Award3 Jul 2026, 09:38 am
Bluspring Subsidiary Bags ₹1,437 Cr O&M Contract from Vedanta
AI Summary
Bluspring Enterprises Ltd announced that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has secured a significant Operations and Maintenance contract for a Captive Power Plant (1,215 MW) from Vedanta Aluminium Metal Limited. The contract is valued at an estimated aggregate of ₹1,437.17 Crores (plus applicable taxes) and will be in force for a period of 5 years, commencing August 1, 2026. This domestic contract is for comprehensive O&M services and does not involve any promoter group interest or related party transactions.
Key Highlights
- Subsidiary awarded ₹1,437.17 Cr O&M contract for 1,215 MW power plant.
- Contract duration is 5 years, starting August 1, 2026.
- Awarded by Vedanta Aluminium Metal Limited, a domestic entity.
- No promoter or related party interest in the contract.
- Enhances Bluspring's service portfolio in the power sector.
Price Impact
More from BLUSPRING