Krystal Integrated Services Secures Major Waste Management Deals in Maharashtra
Investors will closely watch the share price of Krystal Integrated Services on Tuesday, 13 January. The company, a top provider of integrated facility management solutions, just landed three significant municipal solid waste management contracts.
In a press release issued on 12 January, Krystal announced it will handle contracts from the Vasai Virar City Municipal Corporation. The total value of these agreements stands at approximately ₹275 crore.
Focus on a Fast-Growing Urban Area
The Vasai–Virar City Municipal Corporation serves one of Maharashtra's most rapidly expanding urban regions. This new deal highlights the increasing demand for professional facility management partners to maintain public sanitation standards.
"By bringing professional facility management practices, KISL aims to improve safety, dignity and hygiene in places where public services shape daily life," the company stated.
Contract Details and Operational Scope
These contracts cover door-to-door waste collection, segregation, and transportation. They also include comprehensive street cleaning services. The project duration is five years, with an additional three-month preparatory phase.
The company clarified that collected waste will be properly segregated before transport to authorized processing facilities. The entire process involves waste treatment, disposal, and the deployment of dedicated manpower. Specialized vehicles and modern equipment will also be used to fulfill all tasks efficiently.
The project is structured across three distinct zones:
- Prabhag C valued at ₹83 crore
- Prabhag F valued at ₹111 crore
- Prabhag G valued at ₹81 crore
Each zone is designed to ensure strict compliance with the Solid Waste Management Rules of 2016.
Leadership Perspective on the Win
Sanjay Dighe, the CEO and whole time director of Krystal Integrated Services Ltd, commented on this development. "We are proud to have been awarded the Rs. 81 crore, 5-year solid waste management contract from Vasai Virar City Municipal Corporation," he said.
"The recent order wins underscore Krystal's mission to deliver clean, safe, and dignified environments in institutions serving vulnerable communities," Dighe added.
Company Background and Recent Stock Performance
Krystal Integrated Services Limited closed at ₹615.20 on the National Stock Exchange (NSE) on Monday, 12 January, 2026. This represented a decline of 1.39% or ₹8.70 from its previous trading session. Over the past year, the stock has fallen approximately 6.5%, according to NSE data.
Established in 2000, Krystal Integrated Services is currently headquartered in Mumbai. The company has expanded its operations nationwide. Its service portfolio includes integrated facility management, staffing, payroll solutions, security services, and catering.
Building on Previous Success
Last year, the company secured three other contracts totaling Rs. 84 crore. These included a project with the Airport Authority of India to manage the new terminal at Patna Airport. Another contract was with the Maha Mumbai Metro Operation Corporation Ltd. A third agreement was with the Maharashtra Tourism Development Corporation, according to the company's release.
This latest win in Vasai-Virar strengthens Krystal's position in the public sector facility management market. It demonstrates the company's capability to handle large-scale municipal projects across growing urban centers.
