Krystal Integrated Services Wins ₹134 Crore MSRTC Contract

Krystal Integrated Services Limited has received a work order worth around ₹134 crore from the Maharashtra State Road Transport Corporation (MSRTC) to provide integrated facility management services across allocated regions in Mumbai and Chhatrapati Sambhaji Nagar.

The contract, which was announced in an exchange filing on Tuesday, August 18, will remain valid for three years. The total value of the contract is approximately ₹134 crore, including all applicable taxes.

The company will provide various support services, which may include housekeeping, security, maintenance, and other services required for the regular operation of facilities. However, the exact services included in the contract have not been specified by Krystal Integrated Services.

The contract is domestic and will be carried out entirely within Maharashtra. The company did not provide a detailed list of the individual locations or facilities covered under the order. It also did not disclose the expected annual revenue from the contract or the exact date on which services will begin.

Krystal Integrated Services has confirmed that the contract does not qualify as a related-party transaction, meaning the order has been received from an independent domestic organisation and does not involve a business deal with an entity linked to the company’s promoters.

The disclosure was submitted to the BSE and the National Stock Exchange under Regulation 30 of SEBI’s listing rules. Krystal Integrated Services trades under BSE code 544149 and the NSE symbol KRYSTAL.

The company was previously known as Krystal Integrated Services Private Limited. The contract is a significant development for Krystal Integrated Services, which provides integrated facility management services to various clients.

The Maharashtra State Road Transport Corporation (MSRTC) is a state-owned bus transport corporation that operates in the state of Maharashtra. The corporation provides bus services to various parts of the state, including Mumbai and Chhatrapati Sambhaji Nagar.

The contract awarded to Krystal Integrated Services is expected to improve the facilities and services provided by MSRTC. The company will work closely with MSRTC to ensure that the services are provided efficiently and effectively.

In recent years, Krystal Integrated Services has been expanding its operations and providing services to various clients across the country. The company has a strong presence in the facility management sector and has been providing services to various industries, including transportation, healthcare, and education.

The contract awarded by MSRTC is a significant milestone for Krystal Integrated Services and is expected to contribute to the company’s growth and expansion plans. The company is committed to providing high-quality services to its clients and is expected to continue to play a major role in the facility management sector.

The development is also expected to have a positive impact on the economy of Maharashtra, as it will create new job opportunities and stimulate economic growth. The contract is a testament to the company’s capabilities and expertise in the facility management sector and is expected to pave the way for future growth and expansion.

In conclusion, the contract awarded to Krystal Integrated Services by MSRTC is a significant development for the company and is expected to have a positive impact on the economy of Maharashtra. The company is committed to providing high-quality services to its clients and is expected to continue to play a major role in the facility management sector.