Krystal Integrated Services Secures ₹26 Crore Contract from South East Central Railway
Krystal Integrated Services received a ₹25.99 crore contract from South East Central Railway for housekeeping and linen services in trains. The contract spans 24 months and is part of the company's Integrated Facility Management Services.
The contract value of approximately ₹26 crore is significant and is expected to contribute positively to the company's revenue over the 24-month period, impacting its financial performance.
The company has secured a new order, which is a positive development for its business growth and revenue.
Krystal Integrated Services Limited has announced the receipt of a Letter of Acceptance from South East Central Railway, Bilaspur Division, for providing Better On-Board Housekeeping Services (OBHS) and Linen Distribution in identified trains. The contract, awarded in the ordinary course of business, is valued at ₹25,99,41,549.25 including GST.
The agreement is set for a period of 24 months, commencing from the date of issue of the Letter of Acceptance or the start of work, whichever is later. This contract falls under Integrated Facility Management Services and is with a domestic entity, South East Central Railway.
The company confirmed that its promoters or group companies do not hold any interest in the awarding entity, and the contract does not fall under related party transactions.
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Krystal Integrated Services Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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