Krystal Integrated Services Wins ₹296-Crore Maharashtra Orders

Mumbai-based Krystal Integrated Services Limited has secured a significant order from the Maharashtra Government.

The company has won a 40% share in two sewage treatment and sewer network projects valued at approximately ₹740.06 crore, including GST.

The contracts were awarded to the LC Infra Krystal Consortium, with LC Infra Projects Private Limited as the lead member and Krystal Integrated Services as the technical member.

The company's portion of the order is valued at ₹296.03 crore.

The projects involve developing Sewage Treatment Plants, Interception and Diversion systems, and sewer networks for Urban Local Bodies across the Pune and Nagpur divisions.

The infrastructure will be developed on an Engineering, Procurement, and Construction basis.

The contracts cover sewage treatment plants with capacities of five million litres per day and above and are scheduled for completion within two years.

Krystal Integrated Services said the orders would strengthen its project pipeline and expand its presence in wastewater management and urban infrastructure.

In its recent financial performance, Krystal reported an 11.65 percent year-on-year increase in revenue from operations to ₹360.71 crore during Q1 FY27.

EBITDA increased 6.76 percent to ₹22.80 crore, while profit after tax rose 6.30% to ₹17.36 crore.

The company has also secured other significant orders recently, including a ₹364-crore healthcare facility management mandate from Tamil Nadu Medical Services Corporation.

Additionally, associate company Advait Krystal Solar Energy SPV secured a ₹138-crore rooftop solar project covering government hospitals and medical colleges in Maharashtra.

Chairperson and Managing Director Neeta Prasad Lad said the contracts reinforced Krystal's growing presence in critical urban infrastructure and supported its diversified business strategy.

The win is a significant milestone for Krystal Integrated Services, demonstrating its capabilities in delivering large-scale infrastructure projects.

The company's expanding order pipeline and growing presence in wastewater management and urban infrastructure are expected to drive its future growth.

The development of sewage treatment plants and sewer networks is crucial for urban local bodies, and Krystal's expertise in this area will contribute to the improvement of urban infrastructure in Maharashtra.

The project's completion within two years will also provide a significant boost to the state's urban development initiatives.

In conclusion, Krystal Integrated Services' win of the ₹296-crore Maharashtra orders is a significant achievement for the company, demonstrating its capabilities and reinforcing its presence in critical urban infrastructure.