Bluspring Subsidiary Awarded Rs 1,437 Crores Contract for Power Plant Operations at Vedanta Aluminium
Bluspring Enterprises Limited's wholly-owned stepdown subsidiary, STEAG Energy Services (India) Private Limited, has secured a significant contract with Vedanta Aluminium Metal Limited. The deal involves the comprehensive operations and maintenance of VAML’s Captive Power Plant.
The contract details an estimated aggregate value of Rs 1,437.17 Crores, which includes additional services, and is set to remain in force for a period of five years.
STEAG Energy Services (India) Private Limited was awarded the order by Vedanta Aluminium Metal Limited (VAML), a domestic entity. The contract covers the comprehensive Operations and Maintenance of the Captive Power Plant at VAML.
The power plant features a capacity equivalent to 1,215 MW (9*135 MW).
Key commercial terms of the contract are summarized below:
| Particular | Details |
|---|---|
| Entity Awarding Order | Vedanta Aluminium Metal Limited (VAML) |
| Nature of Contract | Comprehensive Operations and Maintenance of Captive Power Plant |
| Estimated Contract Value | Rs 1,437.17 Crores (plus applicable taxes) |
| Duration | 5 years |
| Effective Date | August 1, 2026 |
The contract involves a domestic entity, and both the order and the services fall within the scope of the company’s operations in India. The transaction was confirmed as not involving any related parties or conflicts of interest with the promoter group.
BLUSPRING Stock Price Movement
Shares of Bluspring Enterprises Limited are surging, trading at ₹127.01 as of 9:36 AM today after gaining 5.98%. The stock reaches its 52-week high, driving the price toward its day’s top while processing a volume of 854,055 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.