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Bluspring Enterprises Unit Secures INR14.4 Billion O&M Contract; Shares Jump 6%

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Bluspring Enterprises (NSE:BLUSPRING, BOM:544414) said its step-down subsidiary STEAG Energy Services (India) has secured a five-year operations and maintenance contract worth about 14.4 billion rupees from Vedanta Aluminium & Power.

The contract is for a 1,215 MW captive power plant and will begin on Aug. 1, according to a stock exchange filing on Friday.

Shares of the company jumped nearly 6% in recent trade.

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