Krystal Secures Rs.106 Crore BMC Contract
ECONOMY & POLICY

Krystal Secures Rs.106 Crore BMC Contract

Krystal Integrated Services has secured a Rs.106 crore contract from the Brihanmumbai Municipal Corporation (BMC) to provide integrated manpower services for its Education and Security Departments. This three-year agreement, with an annual renewability clause, reinforces Krystal’s role in urban management and its reputation within public sector services.

Strategic Growth and Public Sector Expansion This contract aligns with Krystal’s strategy to diversify offerings and deepen its ties with government projects. It emphasizes the company’s capability to manage large-scale public sector assignments while delivering on time. By extending services in education, security, and public administration, Krystal aims to solidify its standing in urban development.

The company views this agreement as a milestone, ensuring a steady income stream and fortifying its strategic growth in public services, a critical area in India's urban transformation initiatives.

Stock Market Performance On the National Stock Exchange (NSE), Krystal’s shares are trading at Rs.767.25, reflecting a 3.37% gain compared to the previous close. Year-to-date, the stock has risen nearly 7%, though it lags behind the Nifty 50 index, which has gained over 11%.

Operational Readiness and Stakeholder Engagement Krystal has assured stakeholders of its readiness to deploy resources and execute the BMC project efficiently. Regular updates to stakeholders demonstrate the company’s commitment to transparency and accountability.

Broader Service Portfolio With a presence in integrated facilities management, healthcare, and public administration, Krystal’s expansion through this contract exemplifies its commitment to serving critical sectors. The collaboration underscores the company’s focus on delivering quality services while strengthening its portfolio within the public sector ecosystem.

Krystal Integrated Services has secured a Rs.106 crore contract from the Brihanmumbai Municipal Corporation (BMC) to provide integrated manpower services for its Education and Security Departments. This three-year agreement, with an annual renewability clause, reinforces Krystal’s role in urban management and its reputation within public sector services. Strategic Growth and Public Sector Expansion This contract aligns with Krystal’s strategy to diversify offerings and deepen its ties with government projects. It emphasizes the company’s capability to manage large-scale public sector assignments while delivering on time. By extending services in education, security, and public administration, Krystal aims to solidify its standing in urban development. The company views this agreement as a milestone, ensuring a steady income stream and fortifying its strategic growth in public services, a critical area in India's urban transformation initiatives. Stock Market Performance On the National Stock Exchange (NSE), Krystal’s shares are trading at Rs.767.25, reflecting a 3.37% gain compared to the previous close. Year-to-date, the stock has risen nearly 7%, though it lags behind the Nifty 50 index, which has gained over 11%. Operational Readiness and Stakeholder Engagement Krystal has assured stakeholders of its readiness to deploy resources and execute the BMC project efficiently. Regular updates to stakeholders demonstrate the company’s commitment to transparency and accountability. Broader Service Portfolio With a presence in integrated facilities management, healthcare, and public administration, Krystal’s expansion through this contract exemplifies its commitment to serving critical sectors. The collaboration underscores the company’s focus on delivering quality services while strengthening its portfolio within the public sector ecosystem.

Next Story
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?