Stock hits 10% upper circuit after securing ₹1,437 Cr O&M Contract from Vedanta Aluminium

Synopsis: Shares of this small-cap stock hit the 10% upper circuit after its subsidiary secured a Rs. 1,437.17 crore five-year operations and maintenance (O&M) contract from Vedanta Aluminium, boosting investor sentiment and strengthening the company’s long-term revenue visibility.

The shares of this company are an integrated facility management service provider offering end-to-end solutions like Soft Services, Hard Services / Engineering Services, Production Support Services, and etc are in the spotlight after it hit 10 per cent upper circuit in today’s market session following securing an order from Vedanta Aluminium. 

With a market capitalisation of Rs. 1,882 cr, the shares of Bluspring Enterprises Ltd were trading at Rs. 126 per share, hitting 10% in today’s market session, making a high of Rs. 131.60, up from its previous close of Rs. 119.65 per share. The stock delivered a return of 60% over the past year, 93% year-to-date, 87% in the last six months, and 60% in the past month.

About the order 

Bluspring Enterprises Ltd has announced that its wholly owned step-down subsidiary, STEAG Energy Services (India) Private Ltd, has secured a comprehensive operations and maintenance (O&M) contract from Vedanta Aluminium Metal Ltd for its captive power plant with a total installed capacity of 1,215 MW (9×135 MW).

The contract has an estimated aggregate value of Rs. 1,437.17 crore, including additional services. It will be effective from August 1, 2026, and will remain in force for five years, providing long-term revenue visibility for the company.

Bluspring Enterprises Ltd is an India-based integrated business services company that provides facility management, engineering, operations and maintenance (O&M), security, staffing, and other workplace support solutions. The company serves clients across sectors including manufacturing, infrastructure, commercial real estate, healthcare, and energy.

The company reported 10% YoY growth in revenue to Rs. 3,382 crore in FY26 from Rs. 3,086 crore in FY25. EBITDA increased 17% YoY to Rs. 78 crore, while the EBITDA margin improved to 2.3% from 2.2%, reflecting better operating performance.

On the profitability front, the net loss narrowed sharply to Rs. 23 crore in FY26 from Rs. 180 crore in FY25. Excluding exceptional items, the company posted an adjusted profit of Rs. 14 crore, compared to an adjusted loss of Rs. 18 crore a year earlier, with adjusted EPS improving to Rs. 0.9 from a loss of Rs. 1.2.

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