Subsidiary Secures 5-Year Extension for Power Plant Operation and Maintenance Contract worth Rs 406.43 Crores
STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring Enterprises Limited, has secured an extension of the contract for Operations and Maintenance (O&M) of a Thermal Power Plant. The contract is with Vedanta Power Limited (VPL), and the original award was made by Vedanta Limited.The extension covers the Comprehensive Operations and Maintenance of the 600 MW Thermal Power Plant at VPL. The estimated aggregate contract value, including additional services, has been assessed at Rs 406.43 Crores plus applicable taxes.
The contract is domestic in nature and is set to remain in force for a period of five years, commencing from July 1, 2026. STEAG Energy Services confirmed that the order falls outside related party transactions and that none of the promoter or promoter group companies have any interest in Vedanta Power Limited.
Key details of the contract agreement are as follows:
| Particulars | Details |
|---|---|
| Entity awarding the contract | Vedanta Power Limited (VPL) |
| Nature of Contract | Comprehensive Operations and Maintenance of Thermal Power Plant 600 MW at VPL |
| Estimated Aggregate Contract Value | Rs 406.43 Crores (plus applicable taxes) |
| Contract Duration | 5 years |
| Effective Date | July 1, 2026 |
| Awarding Entity Status | Domestic entity |
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