Mumbai, July 1 -- Bluspring Enterprises Limited, through its wholly owned step?down subsidiary STEAG Energy Services (India) Private Limited, has informed the stock exchanges that the subsidiary has received an extension of the comprehensive operations and maintenance contract for a thermal power plant comprising three units of six hundred megawatt (MW) each, totalling 1,800 MW. The extension was granted by Vedanta Aluminium Metal Limited (VAML) and continues the arrangement originally awarded by Vedanta Limited. The company said the work covers unit one, unit three and unit four at the VAML facility. The contract extension encompasses routine operations, planned maintenance, spares management and on-site technical support.
The contract is for comprehensive operations and maintenance and will remain in force for a period of five years with effect from first July, 2026. The entity reported an estimated aggregate contract value, including additional services, of Rs. 12,198.5 mn plus applicable taxes. The value figure reflects the aggregate consideration over the five year period and excludes applicable taxes and duties. The award has been made by a domestic entity and is structured to cover full plant O&M responsibilities.
Bluspring clarified that the subsidiary is a wholly owned step?down unit and that there is no interest of the promoter or promoter group in the contracting entity. The company confirmed that the contract does not constitute a related party transaction and that the terms are not within the related party framework. The disclosure follows requirements under Regulation 30 of the Securities and Exchange Board of India listing obligations and disclosure requirements. The company indicated that all disclosures required under the LODR regulations and related SEBI circulars have been complied with and annexed.
The company requested that the exchanges take the disclosure on record and enclosed the required annexure. The extension secures O&M activity for the medium term at the VAML plant. The company also provided a regulatory annexure detailing the key terms and confirmed that no related party interests arise from the award.
Published by HT Digital Content Services with permission from Construction World.