Krystal Integrated wins Rs 33 crore Mumbai Metro housekeeping contract

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.2 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Krystal Integrated Services has received a Letter of Acceptance from Maha Mumbai Metro (M3) Operation Corporation for housekeeping, facade and internal roof cleaning at Mumbai Metro Line 4, 4A and upcoming lines under Package 4. The contract is for 3 years with an aggregate value of Rs 33.05 crore including GST. It is a domestic order awarded in the ordinary course of business, with no related party interest.

Likely market impact

Adds a 3-year government metro contract worth Rs 33 crore to the order book, strengthening revenue visibility and supporting growth in facility management.