India’s Leading Facility Management Company Secures Rs 138 Crore Solar Project from Domestic Entity

The Indian equity markets are trading on a weak note on Friday, with the Nifty 50 at 23,907.30, down 265.75 points or 1.10 per cent as of 3:27 PM. Despite the benchmark indices remaining under pressure, stock-specific action continues across sectors. Amid this, Krystal Integrated Services was trading at Rs 591.90, up Rs 16.75 or 2.91 per cent during the session, following a key business development announced by the company.

Krystal Integrated Services Order Update

Krystal Integrated Services has announced that its associate company, Advait Krystal Solar Energy SPV Private Limited, has received a contract from the Directorate of Medical Education & Research (DMER), Maharashtra. The contract involves design, engineering, supply, installation, testing, commissioning, synchronising, operation, and maintenance of rooftop solar PV systems across government hospitals and medical colleges in Maharashtra.

The project will be executed under the Built-Own-Operate-Transfer (BOOT) model, with a long-term execution period of 25 years, indicating stable revenue visibility over the long term. The total contract value is approximately Rs 138 crore, and the company holds a 49 per cent stake in the associate entity executing the project.

Krystal Integrated Services Strategic Significance

This order strengthens the company’s presence in the renewable energy and infrastructure services segment. The long-term nature of the BOOT model provides recurring revenue visibility and aligns with the growing focus on clean energy adoption across public infrastructure. The project also marks continued expansion into solar energy solutions, complementing the company’s diversified service offerings.

About Krystal Integrated Services

Krystal Integrated Services is engaged in providing integrated facility management and support services across sectors such as healthcare, education, and public infrastructure. The company offers services including housekeeping, security, catering, and technical facility management.

The company has been expanding its capabilities into infrastructure-linked services, including energy and utility management. Its presence across government and institutional clients provides stable demand visibility and supports long-term business growth.

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Disclaimer: This article is for informational purposes only and not investment advice.