<h1>Bluspring subsidiary secures contract extension worth Rs 406.43 Crores for Thermal Power Plant Operations</h1>
Steag Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring Enterprises Ltd., has secured an extension of a major contract with Vedanta Power Limited (VPL). The deal involves the comprehensive Operations and Maintenance of a 600 MW Thermal Power Plant at VPL.
The renewed agreement outlines significant terms for the subsidiary, securing a substantial revenue stream over several years. This operational contract solidifies the involvement of Bluspring’s subsidiary in managing critical infrastructure for Vedanta Power Limited.
Details concerning the contract are as follows:
| Particulars | Description |
|---|---|
| Entity Awarding Contract | Vedanta Power Limited (VPL) |
| Nature of Service | Comprehensive Operations and Maintenance of Thermal Power Plant 600 MW at VPL. |
| Estimated Aggregate Value | Rs 406.43 Crores (plus applicable taxes). |
| Contract Duration | The contract shall remain in force for a period of 5 years, effective from July 1, 2026. |
The transaction is categorized as domestic and the subsidiary holds no interest in Vedanta Power Limited (VPL), which awarded the original contract. The agreement terms have been confirmed to be independent of any related party transactions.
BLUSPRING Stock Price Movement
Shares of Bluspring Enterprises Limited on Thursday slipped by 5.33%, settling at ₹107.94. The stock saw a significant decline throughout the session, having traded a volume of 394,415 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.
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