Krystal Bags ₹275 Cr Waste Contracts, Boosts Order Book

ENVIRONMENT

Overview

Krystal Integrated Services secured three municipal solid waste management contracts totaling ₹275 crore from Vasai Virar City Municipal Corporation. The five-year deals cover waste collection, segregation, transport, and street cleaning. These wins bolster the company's order book, complementing its recent facility management contracts and strategic diversification into port and water resources. Krystal also reported a 28% profit increase for FY25, indicating strong financial health.

Krystal Integrated Services Limited has secured three major work orders for Municipal Solid Waste Management from the Vasai Virar City Municipal Corporation, valued collectively at approximately ₹275 crore. These five-year contracts involve comprehensive waste management services across three distinct zones.

Contract Scope and Value

The agreements will see Krystal handle door-to-door collection, segregation, and transportation of waste, alongside street cleaning. The project is segmented into Prabhag C (₹83 crore), Prabhag F (₹111 crore), and Prabhag G (₹81 crore), ensuring compliance with Solid Waste Management Rules of 2016.

Bolstering Order Book and Strategic Expansion

These new wins significantly enhance Krystal's order book, building on recent successes. These include a ₹168 crore facility management contract secured in September 2025 for hospital sanitation in Andhra Pradesh and a ₹370 crore contract for social welfare institutions in Pune. The company is also diversifying, having incorporated subsidiaries for maritime infrastructure and water treatment projects.

Financial Performance and Market Position

Financially, Krystal demonstrated robust growth, reporting a 28% year-on-year increase in net profit to ₹63 crore for the fiscal year ending March 31, 2025, on a turnover of ₹1,213 crore. The first quarter of FY26 also saw a 25.6% rise in revenue. With strong promoter holding and growing institutional interest, Krystal maintains a market cap exceeding ₹850 crore, solidifying its position in the integrated facility management sector.

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