Announced Mon, 6 Jul · 11:02 IST
STEAG India subsidiary order book reaches 5,100 Cr with four new contracts
Compliance View source PDF
BLUSPRING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-14.5%1-day move
₹124.10
prior close
₹116.78
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.0+2.3+1.9+2.5-14.5-14.7-13.1-8.5-6.1-5.5-12.5———
Up moveDown movePending
AI summary
Bluspring's subsidiary STEAG India has secured four long-term O&M contracts worth over 5,100 Crore. These include deals with BALCO (2,050 Cr), Vedanta Aluminium (1,219 Cr and 1,437 Cr), and Vedanta Power (406 Cr). STEAG India, acquired by Bluspring in May 2026 for 180 Crore, is expected to add 20% to Bluspring's revenue and expand EBITDA margins by 90-100 bps. The acquisition boosts the industrial vertical share from 19% to 33%.
Likely market impact
Subsidiary wins add 20% to revenue and improve margins; signals successful integration of recent acquisition.