Bluspring Subsidiary Wins ₹406.43 Crore Vedanta Contract, Secures Long-Term Power Plant Operations Deal
· Free Press Journal
Mumbai: Bluspring Enterprises Limited announced on Thursday that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has received a five-year contract extension for the operations and maintenance of a 600 MW thermal power plant from Vedanta Power Limited.
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Contract Value and Term
The estimated aggregate contract value, including additional services, is Rs 406.43 crore, plus applicable taxes. This contract will be in force for a period of five years, effective from 1 July 2026.
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The order was awarded by Vedanta Power Limited (VPL), a domestic entity. The original contract was awarded by Vedanta Limited.
Scope of Work
The contract involves comprehensive operations and maintenance services for the 600 MW thermal power plant at VPL. This includes all aspects required to run the facility.
Domestic Transaction
Bluspring Enterprises confirmed that the contract is a domestic transaction. The company also stated that neither its promoters nor promoter group or group companies have any interest in Vedanta Power Limited.
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The company clarified that the order does not fall under related party transactions. Bluspring Enterprises made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.