Business Update26 Jun 2026, 05:00 pm
Bluspring Subsidiary Secures ₹406.43 Cr O&M Contract
AI Summary
Bluspring Enterprises Ltd announced that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has received a contract extension for the Operations and Maintenance of a 600 MW Thermal Power Plant from Vedanta Power Limited. The contract is valued at an estimated aggregate of ₹406.43 Crores (plus applicable taxes) and will be in force for a period of 5 years, commencing July 1, 2026. This domestic contract pertains to comprehensive operations and maintenance services. There is no stated interest from promoters or group companies in the awarding entity, and the transaction is not considered a related party transaction.
Key Highlights
- Subsidiary awarded 5-year O&M contract for 600 MW thermal power plant.
- Contract value estimated at ₹406.43 Crores plus taxes.
- Operations commence from July 1, 2026.
- Contract awarded by domestic entity Vedanta Power Limited.
- No promoter or group company interest in the awarding entity.
Price Impact
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