Krystal Integrated Services Bags ₹106 Crore BMC Contract

26 Nov 2024 , 11:35 AM

Krystal Integrated Services won a ₹106 crore contract from the BMC to augment the city’s public services. In the National Stock Exchange, shares of Krystal Integrated Services is currently trading at ₹767.25 which is a 3.37% gain than the previous close. On a year-to-date basis, the stock is up nearly 7% and has outpaced Nifty 50, which gained more than 11% so far in the year.

The contract ensures Krystal’s position in urban management and public welfare, with a constant income source and enhancing its repute in government services.

The agreement deals with integrated attendant manpower services to BMC’s Education and Security Departments. Three years contract would include an annual renewability clause. This would reflect Krystal’s strategic association with Public Sector projects.

The deal is in line with the company’s wish to diversify their service offerings and increase contacts with the government. Krystal made sure that it was ready to deploy resources and execute the contract on schedule, and regularly inform its stakeholders of updates.

The company is servicing integrated facilities management (FMS), healthcare, education, and public administration. Krystal described the contract as a significant milestone in its growth strategy within critical public sector services.