Facility management services company Secures Rs 364 Crore Government Contract

On Friday, shares of Krystal Integrated Services Ltd fell 0.89 per cent to Rs 579.85 per share from its previous closing of Rs 585.05 per share. The stock’s 52-week high is Rs 729.50 per share and its 52-week low is Rs 423 per share. The stock also surged about 4.66 per cent to its Intraday high of Rs 612.30 per share. As of 14:43 IST, the shares were trading at Rs 579.85 on the exchange.

Krystal Integrated Services Ltd (KISL), a leading provider of integrated facility management services, has announced that it has secured a major multi-year contract from Tamil Nadu Medical Services Corporation Ltd (TNMSC). The contract, valued at approximately Rs 364 crore, marks a significant addition to the company’s service portfolio in the healthcare sector.

Under the agreement, the company will provide comprehensive housekeeping, security and other related outsourced services across several government medical institutions in Tamil Nadu. The services will cover facilities operating under the jurisdiction of the Directorate of Medical and Rural Health Services (DMRHS), the Directorate of Medical and Rural Health Services (ESI), and institutions under the Commissionerate of Indian Medicine and Homeopathy.

The contract was awarded through a Letter of Intent dated March 11, 2026, which the company received on March 12, 2026. The domestic project is expected to run for a period of three years and falls within the company’s ordinary course of business.

In a regulatory filing with the BSE Ltd and the National Stock Exchange of India Ltd, the company confirmed that the contract is with a domestic entity and does not involve any related party transactions. It also stated that its promoter or promoter group does not have any interest in the awarding authority, TNMSC.

The contract win highlights Krystal Integrated Services Ltd’s expanding footprint in facility management services and reflects its ability to secure large-scale government projects within the medical and rural healthcare infrastructure.

Formerly known as Krystal Integrated Services Private Ltd, the company is headquartered in Mumbai and provides a wide range of facility management solutions across sectors. The firm is listed on the NSE under the symbol KRYSTAL and on the BSE under the scrip code 544149.

The company has a market cap of over Rs 810.16 crore. The stock price has surged over 36.32 per cent in last 1 year. The stock has also delivered about 37.07 per cent returns from its 52-week low of Rs 423 per share.

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