Krystal Integrated Services wins ₹134 crore MSRTC deal 2026

Key development

Krystal Integrated Services Ltd on Tuesday, August 18, said it has received a work order worth approximately ₹134 crore, including all applicable taxes, from the Maharashtra State Road Transport Corporation (MSRTC). The company disclosed the development through an exchange filing.

The order relates to integrated facility management services in the allocated regions of Mumbai and Chhatrapati Sambhaji Nagar. Krystal Integrated Services said the contract has been awarded in the ordinary course of business.

The company also stated that its promoters, promoter group and group companies do not have any interest in MSRTC. It added that the contract does not qualify as a related-party transaction.

What the MSRTC order covers

As per the filing, the work order is for providing Integrated Facility Management Services across the allocated regions of Mumbai and Chhatrapati Sambhaji Nagar. The company did not provide a detailed list of the individual locations or facilities covered under the order.

Krystal Integrated Services also did not disclose the expected annual revenue from the contract. It further did not share the exact date on which services will begin.

The company noted that the contract is domestic and will be carried out entirely within Maharashtra.

Contract duration and work order details

The MSRTC contract will be executed over a period of three years. The work order number is ST/PM/MKT/1158, and it was issued on August 18, 2026.

The company’s disclosure emphasised that the order value of about ₹134 crore is inclusive of taxes. Beyond the contract term and the broad service scope, the filing did not add operational details such as phased deployment, staffing plans, or site-wise breakup.

Compliance and governance disclosures

Alongside the contract announcement, Krystal Integrated Services made standard governance disclosures for such awards. It said the order has been received as part of normal business operations.

It also confirmed that there is no promoter or promoter-group interest in the awarding entity, MSRTC. The company stated that the contract does not fall under related-party transactions, indicating that the counterparty is an independent domestic organisation.

Earlier Maharashtra Sadan order in New Delhi

In June 2026, Krystal Integrated Services said it had received a ₹24.38 crore work order from the Office of Resident Commissioner, Maharashtra Sadan, for providing facility management services in New Delhi. That contract was awarded for a period of four years, as per the company’s regulatory filing dated June 10, 2026.

The June order involved mechanised housekeeping services at the front office, management, reception, and maintenance of engineering services at both the new and old Maharashtra Sadan. The work order for that contract was dated June 9, 2026, and the contract value of ₹24.38 crore was stated as inclusive of all taxes.

Other reported order wins and project exposure

The broader news flow around the company has also referenced additional order wins. A separate report linked to the company mentioned a ₹364 crore healthcare facility management contract in Tamil Nadu.

Separately, another disclosure cited in the provided material referred to two Maharashtra government work orders under Swachh Maharashtra Mission (U) 2.0 for sewage treatment plants (STPs), interception and diversion systems, and sewer network development on an EPC basis. The combined contract value for these two orders was stated as ₹740.06 crore including GST, with Krystal Integrated Services having a 40% share in the consortium, equating to about ₹296.03 crore for the company.

The consortium was described as “LC Infra – Krystal Consortium”, with LC Infra Projects Private Limited as the lead member and Krystal Integrated Services as the technical member. The execution period for these contracts was stated as two years. One order value was mentioned as ₹160.12 crore, with Krystal’s 40% share indicated as ₹64.05 crore.

Stock identifiers and market snapshot cited

Krystal Integrated Services trades under BSE code 544149 and the NSE symbol KRYSTAL. The company was previously known as Krystal Integrated Services Private Limited.

The provided material also cited a current share price of ₹620. Another update in the same set of information stated the stock closed at ₹625.95 on Tuesday, and that it touched a day’s high of ₹639.80 after winning two orders worth ₹740 crore from the Maharashtra government.

Shareholding numbers included in the provided data showed promoters at 69.96% and investors at 30.04%.

Key facts table

Why this order matters for the business

The MSRTC order adds a fresh, multi-year domestic contract in Maharashtra to Krystal Integrated Services’ recent set of disclosed wins. With a three-year term and a stated value of about ₹134 crore including taxes, it provides a defined revenue line over a medium horizon, although the company has not disclosed the annualised contribution.

The company’s filings and related updates also show Krystal operating across multiple government-linked customers and project types, ranging from facility management for state entities to consortium-led EPC sewage infrastructure work. The MSRTC award stays within the core integrated facility management segment and is tied to two key regions named in the disclosure.

From a governance standpoint, the company’s explicit statement that the MSRTC order is not a related-party transaction addresses a common investor concern when public contracts are announced.

Conclusion

Krystal Integrated Services’ ₹134 crore MSRTC work order, issued on August 18, 2026, covers integrated facility management services across Mumbai and Chhatrapati Sambhaji Nagar for a three-year period. The company has not disclosed the start date, site list, or annual revenue contribution, but confirmed the contract is domestic, in the ordinary course of business, and not a related-party transaction.

Investors will likely watch for further operational disclosures, including service commencement timelines and any additional order updates via future exchange filings.