Krystal Integrated Services Secures Major Mumbai Monorail Contract Worth ₹10.38 Crore
Krystal Integrated Services Limited (BSE: 544149 | NSE: KRYSTAL) has officially announced a significant development under Regulation 30 of SEBI Listing Regulations. The company has secured a contract valued at ₹10,38,47,713.66 (including GST) from Maha Mumbai Metro Operation Corporation Limited. This contract is for providing Customer Support Associates and Supervisors at various Mumbai Monorail stations.
The contract, effective from March 20, 2025, will span a duration of two years, emphasizing the company’s growing foothold in urban transport infrastructure support services.
Key Contract Details:
- Client: Maha Mumbai Metro Operation Corporation Limited
- Service: Provision of manpower services (Customer Support & Supervisors)
- Value: ₹10.38 crore (incl. GST)
- Tenure: 2 years
- Nature: Domestic; not a related party transaction
This development highlights Krystal’s expanding role in India’s public transportation ecosystem and demonstrates its capability in large-scale manpower solutions.
Effect on Share Market:
This contract can have a positive short-term impact on Krystal’s share price due to:
- A boost in revenue visibility for the next two years.
- Strengthening of credibility via a government contract.
- Potential for future contracts with metro and other urban transit bodies.
Investors may view this as a sign of operational strength, especially in the facility management and urban infrastructure services sector.
Market Reaction: Expected bullish sentiment; potential for upward movement in stock price in the near term, especially if the market perceives strong margin contribution.
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