Bluspring Enterprises shares rally 10% to hit 52-week high as arm bags ₹1,437 crore order from Vedanta firm

Bluspring Enterprises shares rallied 10% to hit a 52-week high of ₹131.82 apiece on Friday, July 3, after the company said its subsidiary has bagged an order from Vedanta Aluminium Metal.

"...we hereby inform you that STEAG Energy Services (India) Private Limited, a wholly-owned stepdown subsidiary of the Company, has been awarded an order for Operations and Maintenance of Captive Power Plant (9*135 = 1,215 MW) from Vedanta Aluminium Metal Limited,” Bluspring Enterprises said in a regulatory filing.

Worth ₹1,437.17 crore, the order includes a comprehensive operations and maintenance (O&M) contract for a captive power plant with a total capacity of 1,215 MW (9 units of 135 MW each) at Vedanta Aluminium Metal.

The company further said that the contract will remain in force for a period of five years, commencing from August 1, 2026.

STEAG Energy Services had also received an extension of its contract in June 2026 for the operations and maintenance of a thermal power plant comprising Units 1, 3, and 4, with a total capacity of 1,800 MW (3 units of 600 MW each), from Vedanta Aluminium Metal Limited.

Last month, Bluspring’s arm had bagged an extension on an order worth ₹406.43 crore from Vedanta Power for operations and maintenance of a 600 MW thermal power plant.

Bluspring Enterprises share price trends

At 2:23 PM, Bluspring Enterprises shares were seen at ₹124.42 apiece on the National Stock Exchange, rising 3.82%.

For a month’s time, shares of the company have climbed over 58%, while they have surged nearly 85% in the past six months. From the beginning of the year, Bluspring Enterprises shares have soared 91%.

According to NSE data, as of July 3, 2026, Bluspring Enterprises has a total market capitalisation of ₹1,854.86 crore.

Bluspring Enterprises Q4 earnings

The company had recorded a consolidated net profit of ₹4.12 crore in Q4 FY26 as against a net loss of ₹19.74 crore in Q4 FY25. Revenue rose by 7.9% year-on-year (YoY) to ₹864.80 crore in the March 2026 quarter.

Total operating expenditure increased by 5.3% to ₹845.16 crore in Q4 FY26 over Q4 FY25. The company posted a pre-tax profit of ₹7.96 crore in Q4 FY26 as against a pre-tax loss of ₹20.40 crore in Q4 FY25.

Bluspring is one of the largest tech-enabled, compliance-first infrastructure services enterprises, which provides comprehensive facility management, security, industrial asset maintenance, and enterprise services. Formed through the strategic demerger of Quess Corp in March 2025, the company operates out of Bengaluru with over 90,000 employees.