BOM:544414

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

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.

BOM:544414NSE:BLUSPRING

Asia43d ago

Bluspring Enterprises Arm Completes Acquisition of STEAG Energy Services

Bluspring New Horizon One, a wholly-owned subsidiary of integrated facility management service provider Bluspring Enterprises (NSE:BLUSPRING, BOM:544414), has completed the acquisition of a 100% stake in STEAG Energy Services (India) from STEAG Power, according to a Thursday filing to the Indian stock exchanges.The deal was executed through a share purchase agreement signed in March, and with its conclusion, STEAG Energy has become a wholly-owned step-down subsidiary.

BOM:544414NSE:BLUSPRING

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