Deals5 Jun 2026, 01:12 pm
Bluspring Subsidiary Bags ₹2,049.8 Cr BALCO O&M Contract
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 (O&M) contract from Bharat Aluminium Company Limited (BALCO). The contract is for BALCO's 1740 MW Power Plant and has an estimated aggregate value of ₹2,049.8 Crores, including additional services. The agreement is set to commence on July 1, 2026, and will remain in force for a period of 60 months. This award represents a substantial business win for Bluspring's subsidiary in the domestic power sector.
Key Highlights
- Subsidiary awarded 1740 MW Power Plant O&M contract by BALCO.
- Contract value estimated at ₹2,049.8 Crores over 60 months.
- Operations and Maintenance services for a domestic power plant.
- Contract commences July 1, 2026, for a five-year term.
- No promoter or group company interest in BALCO.
Price Impact
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