Bluspring Enterprises Limited announced that its wholly-owned subsidiary, STEAG Energy Services (India) Private Limited, has secured four long-term contracts worth a cumulative ₹5,112 Crore. These contracts, signed with Vedanta Group entities and BALCO, significantly enhance the subsidiary's revenue visibility and strengthen Bluspring's position in the industrial asset management sector. The development is expected to improve Bluspring's EBITDA margin by 90–100 basis points while being PAT and ROE accretive.

The disclosure, submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details contracts for comprehensive operations and maintenance (O&M) of thermal power plants. STEAG India manages 7GW of power plants globally and reported annual revenues exceeding ₹700 Crore in FY26, with over 90% derived from 3-5 year contracts. Bluspring completed the 100% acquisition of STEAG India on May 21, 2026, for an equity value of ₹180 Crore.

Contract Breakdown

The four new agreements encompass both new contracts and renewals with expanded scope. The total contract value across five years is approximately ₹5,112 Crore.

Strategic Impact

The acquisition of STEAG India adds over 20% to Bluspring's topline and increases the share of high-margin business. The telecom and industrial vertical contribution is projected to rise from 19% to 33% based on FY26 pro-forma numbers. The contracts provide multi-year annuity revenue and validate Bluspring's strategy of unlocking value through synergies and cross-selling opportunities.

Digitide Solutions Limited disclosed that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. The confirmation was provided by Ajit Abraham Isaac and Isaac Enterprises LLP in a filing submitted to the stock exchanges on April 6, 2026.

The disclosure was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to declare whether they have pledged or encumbered any shares held by them in the target company.

The declaration covers the status of shares held as on March 31, 2026. Both the individual promoter and the promoter group entity confirmed that no direct or indirect encumbrance was created over the shares during the specified period.