Shares of Krystal Integrated Services Ltd fell 3.25% after touching a day’s high of Rs 589.95 on 16th March. This happened despite the company announcing on Friday (13th March) that it had secured a healthcare facility management mandate. The mandate is worth approximately Rs 364 crore from Tamil Nadu Medical Services Corporation Ltd. Moreover, the mandate is for a period of three years.

Under the mandate, Krystal Integrated Services will provide housekeeping, security, and allied facility management services across 167 government healthcare institutions in Tamil Nadu. The contract covers more than 20,000 hospital beds across the North and West zones of the state.

The project will involve deploying over 5,000 trained personnel to support operations in district hospitals, medical colleges, and other public healthcare facilities across the two zones.

Tamil Nadu Medical Services Corporation Ltd is the state government agency responsible for procurement and operational support for public healthcare institutions in Tamil Nadu. Furthermore, the company said the project will help improve operational efficiency and hygiene standards in public hospitals.

Commenting on the development, Sanjay Dighe, CEO and Director of Krystal Integrated Services, said the mandate marks a significant milestone for the company. He added that it will support smoother hospital operations through structured workforce deployment. Additionally, it will offer professionally managed facility services.

At 1:05 PM, shares of Krystal Integrated Services were trading 3.37% lower at Rs 550.15 on the NSE.

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