STEAG Subsidiary Secures 5-Year Extension Contract for Vedanta Aluminium Metal Power Plant Operations
STEAG Energy Services (India) Private Limited, a subsidiary of Bluspring Enterprises Limited, has successfully secured an extension contract related to the operations and maintenance of a major thermal power plant unit at Vedanta Aluminium Metal Limited (VAML). The contract renewal involves a comprehensive agreement spanning five years.The extension pertains to the Operations and Maintenance (O&M) of Thermal Power Plant Unit 1, 3, and 4 at VAML. This assignment originates from Vedanta Aluminium Metal Limited.
The significant financial parameters of the contracted work have been confirmed. The estimated aggregate contract value, which includes additional services, is Rs. 1,219.85 Crores, excluding applicable taxes.
Key details regarding the operational agreement are as follows:
| Parameter | Detail |
|---|---|
| Entity Awarding Contract | Vedanta Aluminium Metal Limited (VAML) |
| Nature of Work | Comprehensive Operations and Maintenance of Thermal Power Plant Unit 1, 3 & 4 |
| Estimated Aggregate Value | Rs. 1,219.85 Crores (plus applicable taxes) |
| Contract Duration | 5 years |
| Effective Date | July 1, 2026 |
The contract is a domestic agreement awarded by a domestic entity to the subsidiary of Bluspring Enterprises Limited. The scope covers the comprehensive O&M of the specified thermal power plant units (3*600 MW = 1,800 MW).
There were no reported interests or related party transactions involved in this contract award.
BLUSPRING Stock Price Movement
Shares of Bluspring Enterprises Limited slipped by 5.33% on Thursday, settling at ₹107.94 in the market session. The closure followed a trading day in which 394,415 shares were transacted as the stock declined across the period.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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