NSEPress Release6 Jul 2026 · 6 Jul 2026, 11:02 am
Press Release
Bluspring Enterprises Limited · BLUSPRING
✦ AI Summary▲ PositiveOrder Win
Bluspring Enterprises Limited has informed the Exchange regarding a press release dated July 06, 2026, titled "A Bluspring subsidiary, STEAG India's order book stands at ₹5,100 Cr with new deals". The company has won four long-term deals adding to a cumulative contract value of over ₹5,100 Cr. The acquisition of STEAG India by Bluspring has changed the quality of Bluspring's business mix, adding over 20% to Bluspring's topline and increasing the share of high-margin business.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Bluspring Enterprises Limited has informed the Exchange regarding a press release dated July 06, 2026, titled "A Bluspring subsidiary, STEAG India s order book stands at ₹5,100 Cr with new deals".
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Date: July 6, 2026
BSE Limited, National Stock Exchange of India Limited
1st Floor, New Trading Ring, Exchange Plaza, Bandra- Kurla Complex, Bandra
Rotunda Building, PJ Towers, (East), Mumbai – 400 051
Dalal Street, Mumbai – 400 001 NSE Symbol: BLUSPRING
Scrip Code: 544414
Dear Sir/ Madam,
Sub: Press Release
Please find enclosed herewith a copy of the Press Release titled “A Bluspring subsidiary, STEAG India’s
order book stands at ₹5,100 Cr with new deals” dated July 6, 2026.
Kindly note that this Press Release summarises the recent disclosures made by the Company to the
Stock exchanges with respect to orders received by STEAG Energy Services (India) Private Limited in
accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 as mentioned below:
S.No. Particulars Date of Intimation to BSE &
1. STEAG-BALCO contract worth Rs. 2,050 Crores June 5, 2026
2. STEAG-Vedanta Aluminium Metal Limited contract worth June 26, 2026
Rs. 1,219 Crores
3. STEAG-Vedanta Power Limited contract worth Rs. 406 June 26, 2026
Crores
4. STEAG-Vedanta Aluminium Metal Limited (VAML) July 3, 2026
contract worth Rs. 1,437 Crores
The above information will also be available on the website of the Company at www.bluspring.com.
Kindly take the above information on record.
Thanking You,
Yours sincerely,
For Bluspring Enterprises Limited
Arjun Sunil Makhecha
Company Secretary & Compliance Officer
Membership no. ACS 29253
Encl: a/a
Bluspring Enterprises Limited
Regd. Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru – 560103, Karnataka
Tel: 080-6105 6001 | E-mail: corporatesecretarial@bluspring.com | CIN: L81100KA2024PLC184648
A Bluspring subsidiary, STEAG India’s ord er book stands at ₹5,100 Cr with new deals
About STEAG India
STEAG Energy Services (India) Private Limited (“STEAG India”) was a part of STEAG Power GmbH, an 89-year-old German energy giant and
established base in India in 2001 and has an employee base of ~2,000 employees. STEAG India operates in an asset light model and offers end-
to-end services to power plants across a wide spectrum of fuel types and generation capacity and manages 7GW of power plants globally. The
company clocked annual revenues of over ₹ 700 Crore for FY26 with over 90% of revenues coming from 3-5 year contracts. The company is a net
cash company and was acquired for an equity value of ₹ 180 Crore.
Bluspring completed the acquisition of 100% shareholding of STEAG India on 21 May 26. STEAG India post its acquisition by Bluspring has
won 4 long-term deals adding to a cumulative contract value of over ₹5,100 Cr:
Approximate Date of
Contract between STEAG India
Contract value Scope of work Contract type commencement
(across 5-year) of contract
Comprehensive O&M of 1,740
BALCO ₹2,050 Crore New contract July 01, 2026
MW plant
Comprehensive O&M of 1,800 Contract renewed on better
Vedanta Aluminum Metal Limited ₹1,219 Crore July 01, 2026
MW plant (3x600 MW) terms and increased scope
Comprehensive O&M of 600 Contract renewed on better
Vedanta Power Limited ₹406 Crore July 01, 2026
MW plant (1x600 MW) terms and increased scope
Comprehensive O&M of 1,215
Vedanta Aluminum Metal Limited ₹1,437 Crore New contract August 01, 2026
MW plant (9x135 MW)
Total ₹5,112 Crore
Impact on Bluspring
STEAG India’s acquisition does not merely add revenue; it changes the quality of Bluspring’s business mix. It adds over 20% to Bluspring’s topline
and increases the share of high-margin business and increases share of telecom and industrial vertical from 19% to 33% (based on FY26 pro-forma
numbers). It is also expected to expand EBITDA margin by around 90–100 bps, while being PAT and ROE accretive. It also strengthens:
• Multi-year annuity revenue. • Asset-light operations.
• Power O&M expertise. • Industrial cross-selling potential.
In addition, the large deals won ratifies Bluspring’s commitment of unlocking value at acquired entities through synergies and enhanced cross-selling
opportunities. It fortifies Bluspring’s position as on nationally scaled one stop industrial asset management partner.
Bluspring Enterprises Limited (NSE: BLUSPRING, BSE: 544414) is India's only nationally-scaled, people-powered, compliance-first, and tech-
enabled, integrated infrastructure services enterprise. It delivers integrated facility management, food and hospitality, security (powered by Terrier),
engineering asset management (powered by Hofincons), telecom networks (powered by Vedang), and talent and recruitment services (powered by
foundit) through its category-leading brands. With a workforce of over 93,000 operating across 28 states, Bluspring supports more than 1,000
customers across healthcare, education, BFSI, commercial, IT, telecom, manufacturing and industrial, government, and PSU sectors. For more
information, visit www.bluspring.com.
For more information, please contact:
Media Contact:
Investor / Analyst Contact:
Prapul Sridhar Shilpa Kona
Chief Financial Officer Head – Marketing & Communications
investor@bluspring.com shilpa.kona@bluspring.com
Nibodh Shetty
Head – Investor Relations
nibodh.shetty@bluspring.com
Di sclaimer: This document contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company
or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ''expects", "plans", 'will",
"estimates", "projects", or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and actual results may differ
materially from those in such forward-looking statements as a result of various factors and assumptions, which the Company believes to be reasonable in light of its operating experience in recent
years. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our
ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that maybe
made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements
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