MARKETS

Krystal Integrated Shares Soar 7% on Securing Order from Tamil Nadu Government 

The company increased its client base from 262 to 461 and expanded operations from 1,962 to 3,209 sites nationally.
The company increased its client base from 262 to 461 and expanded operations from 1,962 to 3,209 sites nationally.

Shares of Krystal Integrated Services Ltd soared 7% on Thursday, 17 April, after the company announced securing an order worth Rs 349 crore from the Tamil Nadu Government. 

In its regulatory filing, the company said that they have received an order from the Tamil Nadu Medical Service Corporation Ltd for a total consideration of Rs 349 crore. The order is for providing housekeeping and Security Services at 29 of 124 medical institutions under DME on an outsourcing basis.

The nature of the order is Facility Management Services and is for a period of 3 years. 

Krystal Integrated Services Ltd ranks among India’s top providers of integrated facility management solutions, serving a wide array of sectors, including healthcare, education, public administration (such as state government bodies and municipal corporations), airports, railways, metro systems, and retail.

The company delivers a broad portfolio of services, ranging from facility maintenance to staffing and payroll management, private security, manned guarding, and catering solutions, catering to the operational needs of diverse industries across the country.

At 3:30 pm, the shares of Krystal Integrated closed 3.17% higher at Rs 540 on NSE.

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