+
Krystal Integrated Services Wins Five Year Manpower Order
ECONOMY & POLICY

Krystal Integrated Services Wins Five Year Manpower Order

Krystal Integrated Services (the company) has received a work order dated 24 August 2026 from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune for provision of manpower services across various districts of Maharashtra for a period of five years. The contract runs from first September 2026 to thirty first August 2031 and has been awarded in the ordinary course of business. The intimation was submitted to BSE and the National Stock Exchange of India as required under the SEBI Listing Regulations. The company is registered in Mumbai and was previously known as Krystal Integrated Services Private Limited.

The work order is recorded as Prashashan/662/2026-27 and pertains to manpower deployment and associated services at locations designated by the awarding society. The order has been categorised as a domestic contract and will be executed in conformity with applicable local regulations and the terms set out in the work order. The company disclosed an approximate contract value of Rs 172.5 million (mn) excluding all applicable taxes, with million (mn) defined on first mention. Revenue arising from the contract will be recognised in accordance with the company’s established accounting policies over the duration of the engagement.

The company reported that neither the promoter nor the promoter group has any interest in the awarding entity and that the contract does not amount to a related party transaction. Governance controls and compliance procedures will apply to the execution and invoicing under the contract. Operational deployment schedules and districtwise manpower allocation will be managed under the supervision of the company’s operations team.

The award will enhance the company’s services portfolio and provide multi-year visibility for its manpower services vertical without creating related party exposure. The company secretary and compliance officer completed the disclosure filing to the exchanges for record and regulatory purposes. No additional material terms beyond those disclosed in the work order were reported.

Krystal Integrated Services (the company) has received a work order dated 24 August 2026 from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune for provision of manpower services across various districts of Maharashtra for a period of five years. The contract runs from first September 2026 to thirty first August 2031 and has been awarded in the ordinary course of business. The intimation was submitted to BSE and the National Stock Exchange of India as required under the SEBI Listing Regulations. The company is registered in Mumbai and was previously known as Krystal Integrated Services Private Limited. The work order is recorded as Prashashan/662/2026-27 and pertains to manpower deployment and associated services at locations designated by the awarding society. The order has been categorised as a domestic contract and will be executed in conformity with applicable local regulations and the terms set out in the work order. The company disclosed an approximate contract value of Rs 172.5 million (mn) excluding all applicable taxes, with million (mn) defined on first mention. Revenue arising from the contract will be recognised in accordance with the company’s established accounting policies over the duration of the engagement. The company reported that neither the promoter nor the promoter group has any interest in the awarding entity and that the contract does not amount to a related party transaction. Governance controls and compliance procedures will apply to the execution and invoicing under the contract. Operational deployment schedules and districtwise manpower allocation will be managed under the supervision of the company’s operations team. The award will enhance the company’s services portfolio and provide multi-year visibility for its manpower services vertical without creating related party exposure. The company secretary and compliance officer completed the disclosure filing to the exchanges for record and regulatory purposes. No additional material terms beyond those disclosed in the work order were reported.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Emiza Expands Bhiwandi Fulfilment Capacity by 2.32 Lakh Sq Ft

Emiza, a leading third-party logistics (3PL) provider, has expanded its Mumbai operations with the launch of two new fulfilment facilities in Bhiwandi, adding a combined capacity of 2.32 lakh sq ft to its network.The new facilities, spread across 75,000 sq ft and 1,57,000 sq ft, mark Emiza’s fifth and sixth warehouses in the Mumbai region. The expansion strengthens the company’s fulfilment infrastructure in Western India amid the rapid growth of India’s digital commerce ecosystem.With increasing online consumption, wider product categories and rising customer expectations for faster deli..

Next Story
Infrastructure Urban

Ingersoll Rand Showcases Air Solutions for Semiconductor Sector

Ingersoll Rand will showcase its advanced compressed air solutions for India’s growing semiconductor ecosystem at SEMICON India 2026, scheduled from September 17–19 at Yashobhoomi, New Delhi.The company will display its portfolio of oil-free compressors, centrifugal compression technologies and advanced air treatment systems at Stall No. 1156, Hall No. 1. The solutions are designed to address the stringent air quality, reliability and efficiency requirements of semiconductor manufacturing applications.With India accelerating investments across semiconductor manufacturing, packaging, equipm..

Next Story
Infrastructure Energy

RECPDCL Transfers Musalgaon Transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over Musalgaon Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Maharashtra State Electricity Transmission Company Limited (MSETCL).MSETCL emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for developing Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.The SPV was handed over by Shri Ratnesh Kumar, General Manag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code