Announced Fri, 3 Jul · 09:34 IST
Bluspring arm wins Rs 1,437 Cr O&M contract from Vedanta Aluminium
Business Updates View source PDF
BLUSPRING · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹121.23
prior close
₹127.33
base price
In-mkt
timing
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+2.3-0.7+0.7-1.8-3.2-12.5-12.6-11.0-6.3-7.2-11.0———
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AI summary
Bluspring Enterprises' step-down subsidiary STEAG Energy Services India has bagged a 5-year Operations and Maintenance contract for Vedanta Aluminium Metal's 1,215 MW captive power plant (9 units of 135 MW each). Contract value estimated at Rs 1,437.17 Crores plus taxes, starting August 1, 2026. Domestic order with no related party interest.
Likely market impact
Large multi-year O&M win gives strong revenue visibility for 5 years. Positive for growth, though execution and Vedanta plant risks remain.