Bluspring Enterprises Limited has announced that its wholly owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has secured a major operations and maintenance contract from Vedanta Aluminium Metal Limited (VAML).
The order is valued at an estimated ₹1,437.17 crore, excluding applicable taxes, and includes the value of additional services.
The contract covers the comprehensive operations and maintenance of Vedanta Aluminium Metal's captive power plant with a total installed capacity of 9 × 135 MW (1,215 MW).
The project has been awarded by a domestic entity and is classified as a domestic contract.
The agreement will come into force from 1 August 2026 and will remain valid for a period of five years.
According to the company, the contract includes the complete operations and maintenance requirements of the 1,215 MW captive power plant throughout the tenure of the agreement.
Bluspring Enterprises Limited operates through businesses providing engineering, operations, maintenance and integrated industrial services across multiple sectors. Through its subsidiaries, the company undertakes projects supporting industrial infrastructure and utility operations for customers across India.
STEAG Energy Services (India) Private Limited is one of its subsidiaries engaged in operations and maintenance services for power plants and industrial facilities.
Read More: IEX Share Price in Focus on Power Market Update for Q1FY27 and June 2026!
As of 03 July 2026, at 1:22 PM, Bluspring Enterprises Limited share price was trading at ₹124.86 per share, reflecting a surge of 4.19% from the previous trading session.
The ₹1,437.17 crore contract will be executed by Bluspring Enterprises' wholly owned step-down subsidiary, STEAG Energy Services (India) Private Limited, for the comprehensive operations and maintenance of Vedanta Aluminium Metal Limited's 1,215 MW captive power plant over five years from 1 August 2026.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 3, 2026, 4:10 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
