Krystal Integrated Services’ shares rose 4% on November 25 after the company announced a Rs 106-crore contract win from the Brihanmumbai Municipal Corporation (BMC). The contract focuses on improving operational efficiency in Mumbai’s public services.
At 10:30 AM, Krystal shares were trading at Rs 770, marking a 4% gain. However, on a year-to-date basis, the stock has risen only 7%, underperforming the Nifty 50, which has gained over 11% in the same period.
Contract Details
The three-year contract, with an option for annual renewal, covers the provision of comprehensive manpower services to BMC’s Education and Security Departments.
Krystal said the deal was in line with its strategic expansion into key public sector services and further secures the group’s position as a partner in urban management and public welfare.
Significance for the Company
- Revenue Stability: This deal offers a reliable revenue stream for Krystal.
- Government Relationships: It deepens Krystal’s engagement with government entities, particularly in education and security.
- Service Diversification: The order helps Krystal expand its portfolio and enhance its reputation in public service management.
Company Outlook
Krystal says it has begun mobilisation preparations and is targeting timely project execution. The company undertakes Integrated Facilities Management, focusing on healthcare, education, and public administration.
Besides that, under this contract, Krystal continues to reinforce its position in the field of basic utilities and strengthens its position as a reliable company in large-scale operations.
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Source: Moneycontrol
News Desk
