Bluspring Enterprises Wins ₹2,049 Crore BALCO Contract; Shares Surge 9.87%

Mumbai, June 2026: Bluspring Enterprises Ltd said its wholly-owned step-down subsidiary, STAGE Energy Services (India) Private Ltd, has secured a contract from Bharat Aluminium Company Ltd (BALCO) for operations and maintenance of a 1740 MW power plant.

According to the exchange filing dated June 5, 2026, the estimated aggregate contract value including additional services stands at ₹2,049.8 crore.

The company said the contract covers comprehensive operations and maintenance services for the BALCO power plant. The agreement will remain effective for 60 months starting July 1, 2026.

BALCO awarded the contract as a domestic entity, the filing added.

Stock Market Snapshot

Bluspring Enterprises share price rallied sharply after the order announcement.

The stock traded at ₹92.07 on the NSE, up 9.87% or ₹8.27 as of 2:23 PM IST on June 5, 2026, according to market data.

The shares surged during afternoon trade as investors reacted to the sizeable long-term contract win in the power operations segment.

Contract Strengthens Energy Services Portfolio

The latest order adds to Bluspring Enterprises’ operations and maintenance business in the power infrastructure sector.

The company said the contract does not fall under related party transactions and that promoter group entities do not hold any interest in BALCO.

Source:

• https://www.nseindia.com/get-quote/equity/BLUSPRING/Bluspring-Enterprises-Limited
• https://nsearchives.nseindia.com/corporate/BLUSPRING_05062026130923_Reg_30_-_SESI-BALCO.pdf