Bluspring Enterprise

Bluspring New Horizon Two Private Limited, a wholly-owned subsidiary of Bluspring Enterprises, entered into a term loan agreement with a leading non-bank lender on July 23 for up to ₹125 crore. The four-year secured facility will finance BNHTPL's acquisition of the entire paid-up share capital of LSG Sky Chefs (India) Private Limited. The loan is backed by an exclusive charge on the subsidiary's fixed and current assets and an irrevocable corporate guarantee from Bluspring Enterprises. The acquisition was first intimated to the exchanges in April 2026 and is expected to close shortly.

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STEAG Energy Services (India), a wholly-owned step-down subsidiary of Bluspring Enterprises, has been awarded a comprehensive operations and maintenance contract for a 1,215 MW captive power plant belonging to Vedanta Aluminium Metal Limited. The contract, valued at an estimated aggregate consideration of ₹1,437.17 crores plus taxes, will run for five years commencing August 1, 2026. The plant comprises nine units of 135 MW each and was secured in a competitive process. This is the second major O&M order STEAG has bagged from a Vedanta Group entity in recent weeks, following a ₹1,219.85 crore contract for a separate 1,800 MW plant announced earlier. Both deals significantly expand STEAG’s long-term service portfolio under Bluspring’s ownership.

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July 3 (Reuters) - Bluspring Enterprises Ltd BLUR.NS:

• BLUSPRING ENTERPRISES - UNIT GETS CONTRACT VALUED AT 14.37 BILLION RUPEES

Source text: ID:nNSE305bKK

Further company coverage: BLUR.NS

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STEAG Energy Services (India), a wholly-owned step-down subsidiary of Bluspring Enterprises, has received an extension of its operations and maintenance contract for a 1,800 MW thermal power plant belonging to Vedanta Aluminium Metal Limited. The five-year agreement, commencing July 1, 2026, carries an estimated aggregate value of ₹1,219.85 crores. The plant, which was originally awarded to STEAG by Vedanta Limited, comprises three units of 600 MW each and will be maintained under a comprehensive O&M scope including additional services. Vedanta Aluminium Metal Limited is part of the Vedanta Group, and the contract does not involve any related-party transaction with Bluspring. This win comes closely after STEAG’s ₹2,049.8 crore O&M deal with Vedanta’s BALCO unit announced earlier, underscoring the subsidiary's strengthening ties with the group.

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Bluspring Enterprises' wholly-owned step-down subsidiary STEAG Energy Services (India) has won a five-year operations and maintenance contract from Bharat Aluminium Company (BALCO) for the latter's 1,740 MW power plant in Chhattisgarh. The contract, valued at an estimated aggregate consideration of ₹2,049.8 crores including additional services, commences on July 1, 2026. BALCO, a Vedanta Group company, awarded the order through a competitive bidding process. The win marks the first major order for the newly acquired STEAG entity under Bluspring's ownership and significantly expands its long-term service portfolio.

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June 5 (Reuters) - Bluspring Enterprises Ltd BLUR.NS:

• BLUSPRING ENTERPRISES - UNIT GETS CONTRACT ESTIMATED AT 20.50 BILLION RUPEES

Source text: ID:nNSE8z19Mw

Further company coverage: BLUR.NS

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