Krystal Integrated Services Limited Wins Significant Contracts for Sewage Treatment Plant Development in Maharashtra
Krystal Integrated Services Limited, formerly known as Krystal Integrated Services Private Limited, has secured substantial work orders through a consortium bid to develop essential infrastructure projects across Pune and Nagpur divisions of Maharashtra. The company is involved in these contracts as the Technical Member in the LC Infra - Krystal Consortium.The two work orders have been awarded by the Government of Maharashtra’s Urban Development Department, specifically under the Maharashtra Urban Development Mission Directorate Swachh Maharashtra Mission (U) 2.0 initiative. These projects involve the development of Sewage Treatment Plants (STPs), as well as associated I&D and Sewer networks, executed on an EPC basis. The target capacity for these STPs is stipulated at 5 MLD and above.
The contracts are set to be executed over a period of two years. Krystal Integrated Services Limited’s stake in the consortium across both divisions totals approximately 40% of the awarded contracts.
Financial Details of Secured Contracts
The projects span the Pune and Nagpur Revenue Divisions, with details regarding the contracts presented below:| Division | Awarding Entity | Aggregate Contract Value (including GST) | Krystal Integrated Services Share (40%) |
|---|---|---|---|
| Pune | Government of Maharashtra, Urban Development Department | Rs. 160,12,30,000/- | Rs. 64,04,92,000/- |
| Nagpur | Government of Maharashtra, Urban Development Department | Rs. 579,94,00,000/- | Rs. 231,97,60,000/- |
The aggregate contract value for both work orders amounts to Rs. 7,40,06,30,000 (Rupees seven hundred forty crore six lakh thirty thousand). The contracts are designated as domestic projects and do not involve related party transactions.
KRYSTAL Stock Price Movement
On Monday, shares of Krystal Integrated Services Limited edged higher by 0.19% in the closing session, settling at ₹602.55. The stock traded within a tight intraday range, finding support near its daily low of ₹600 but peaking at ₹646.7.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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